Labor Day Round-Up: Reverse Mortgage Changes Coming, Celink to be Acquired

In case you missed it…here’s what happened in reverse mortgage news this week.

Wall Street Journal talks reverse mortgage changes. New program rules could mean less money for reverse borrowers under the Standard program, but more than they would receive under the Saver product.

FHA seeks second opinion on insurance fund deficit.  The Federal Housing Authority (FHA) has hired a consulting firm to provide an additional analysis of the financial health regarding the agency’s Mutual Mortgage Insurance Fund.

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Financial planners change tune on reverse mortgages. A webinar from Liberty Home Equity Solutions left many financial planners changing their perceptions of reverse mortgages to positive views. 

Investment group to acquire reverse mortgage subservicer. Peer Advisors LLC announced this week that it has entered in to an agreement to acquire Celink, the largest sub-servicer of reverse mortgages in the nation.

RMD is wishing our readers a safe and enjoyable Labor Day, along with warm wishes to RMD’s own Elizabeth Ecker, who is hearing wedding bells this weekend. Congratulations to Liz and Riley!

We will see you back on Tuesday, September 3.

Written by Jason Oliva

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