RMD will be observing Martin Luther King, Jr. Day on Monday, January 18. As a result, we will return to our normal posting schedule Tuesday the 19th. As always, RMD wishes all of its readers a safe, enjoyable and relaxing weekend.
In the meantime, in case you missed it…here’s what happened in reverse mortgage news this week:
New Book Answers Most Common Reverse Mortgage Questions—Reverse mortgages have been around for several decades, yet they remain one of the most widely misunderstood financial products even to this very day. In efforts to address the persistent misperceptions surrounding the product, a new book provides answers to the most common questions about reverse mortgages for consumers, lenders, as well as other financial professionals.
Top Cities for Reverse Mortgage Volume in 2015—December’s 5% volume bump pushed the reverse mortgage industry just north of 56,000 units in 2015, fueled by sizable gains among the year’s top-producing cities. See which areas finished 2015 on a positive note.
CBS News: 10 Reverse Mortgage Must-Knows—Easily misunderstood by consumers, reverse mortgages can actually be a helpful financial planning tool for retirees, says a recent CBS News Money Watch article outlining 10 important things every consumer needs to know about reverse mortgages.
Reverse Mortgage Seminars Are Critical for Smaller Shop Lenders—Hosting seminars and other free events helps reverse lenders target not only prospective borrowers and their families, but also other professionals like Realtors and financial advisers. And for regional lenders, these events can be good for business, especially when it comes to helping seniors get “off the fence.”
New Sales Tool Aims to Be One-Stop-Shop for Reverse Mortgage Lenders—There are a number of technology platforms in the reverse mortgage industry, but perhaps none so complex as to offer a one-stop shop for the entire sales and pre-origination process.
Written by Jason Oliva