Since industry discussions in October set the bar for lenders to implement a financial assessment for reverse mortgage borrowers, MetLife has been the only major lender to formally introduce and launch such a policy. Now, effective today, the company has announced it has suspended those financial assessment guidelines, citing consumer confusion and the lack of [...]

Rhiannon Behnke is no stranger to the mortgage business. From family roots in California’s largest private mortgage banker to having almost every job role imaginable in the reverse business, Behnke has made a home at San Diego’s Security One Lending as Director of Reverse Mortgage Sales. When she’s not out eating Mexican food with her [...]

Whether it was the sad slow demise of Financial Freedom or the shocking exits of Bank of American and Wells Fargo, the last year has been a rough one on the reverse mortgage industry. While 2011 was about the loss of industry-defining reverse mortgage brands, the next 12 months will be about building the next [...]

Genworth Financial Home Equity Access (GFHEA) announced this week it has hired former MetLife reverse mortgage account manager Bob Garczewski to cover its midwest wholesale region. Garczewski, who has more than eight years of experience in reverse mortgages, will serve under the title Regional Account Manager. “Bob brings a wealth of reverse mortgage knowledge and experience [...]

MetLife (NYSE: MET) has announced that it has decided to wind down all of MetLife Home Loans’ forward origination business and had stopped accepting applications as of 5 pm today. After announcing in October it was seeking a buyer, the insurer said it did not find such a buyer, and will close its forward origination [...]

Top-5 reverse mortgage lender Urban Financial today announced it has hired Sherry Apanay, former Generation executive vice president to run its retail and wholesale sales channels. Additionally, the company announced it has hired former EquiPoint Financial acting president, Kristen Sieffert, to oversee project management of its call centers. “At Urban, we’re intent on growing loan [...]