An article from Investment News discusses some of the recent reverse mortgage acquisitions and why the purchases have all been made in the last six months.  “It’s the right opportunity, right time given our core mission,” said Ron Cordes, chairman of AssetMark Investment Services Inc., a Pleasant Hill, Calif.-based subsidiary of Genworth. “From accumulation to distribution, […]

It’s official… the largest HECM originator in the country has entered the reverse mortgage wholesale business.  I’m surprised it took Wells Fargo this long to get into the business but I’m sure they’re looking for production after they recently decided to close down their subprime wholesale division.
Wells is offering two different avenues to their brokers […]