Reverse Mortgage Spokesman in Hot Water, Big Banks No Longer Frontrunners

NewImage.jpg Reverse Fortunes Weekly Podcast Episode #223

The latest endorsement data from the Department of Housing and Urban Development shows big banks are no longer the frontrunners for reverse mortgages. Reverse Fortunes’ latest podcast takes a look data, which shows the new top retail lenders in the business.

Reverse Fortunes’ Shannon Hicks also covers recent civil charges brought against reverse mortgage spokesman Ray Lucia for misleading retired investors during financial planning seminars. Additionally, Hicks looks into a recent deal under which reverse mortgage lender and servicer RMS will be purchased by Walter Investment Management Corp. for $120 million.

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Talking Points:

  • Buckets of Money strategy lands Reverse Spokesman in hot water
  • How they take their money is Huge
  • RMS purchased last week
  • Big Banks no longer hold the reverse market. Who does?

Listen now. “Reverse Fortunes is the ultimate resource for reverse mortgage professionals providing the technology, training and marketing to grow your business. We are your one-stop resource for those committed to taking their business to the next level.”

Editor’s Note: These posts are sponsored by Reverse Fortunes.

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