Survey: Why American Retirement is Getting Harder to Achieve

Many long-standing issues continue to play a major role in the readiness of American seniors to put their career behind them and welcome a stable and secure retirement, but recently the situation has been exacerbated by global events. Issues including COVID-19, a volatile stock market, increasing debt burdens and less prevalence of pensions will be […]

Court Rules in Favor of Nationstar in Reverse Mortgage Servicing Portfolio Dispute

A dispute arising out of a 2015 purchasing agreement where Nationstar Mortgage acquired the reverse mortgage servicing portfolio of former reverse mortgage lender Generation Mortgage has been decided in favor of Nationstar, which has sought indemnification from Generation over certain losses on the purchased servicing portfolio. This is according to court documents obtained by RMD. […]

Product Education Remains a Key Challenge as Private Reverse Mortgages Cool Slightly

A key challenge for the reverse mortgage industry continues to be the issue of product education, as many reverse mortgage professionals remain very concerned in reforming the industry’s education efforts to reach additional audiences of eligible, prospective borrowers. Additionally, 2020 saw a noticeable “cooling” of sentiment regarding private-label reverse mortgage products, visibly realized in disclosures […]

Time/NextAdvisor: Know Reverse Mortgage Pros and Cons Before Getting One

A senior considering a reverse mortgage loan should consider all the potential risks and rewards in equal measure before deciding whether or not to get such a loan. This is according to a new column by personal finance columnist Joe Cortez at NextAdvisor, as published by Time. “Fear of COVID infection at nursing home facilities […]

Major Ratings Firm Issues Second-Highest Ranking to Top Reverse Mortgage Lender

Global credit rating agency DBRS Morningstar has assigned a “good” ranking to Mahwah, N.J.-based reverse mortgage lender Longbridge Financial, in a move that Longbridge says will help to facilitate the creation of new products and features it can offer borrowers in the months and years to come. This is according to a release this week […]