Reverse Mortgage Professionals Talk Modern Sales Challenges

A reduced number of qualifying borrowers, adjusting to Home Equity Conversion Mortgage (HECM) program changes and overcoming objections: these are just some of the challenges in the current sales climate discussed by experienced reverse mortgage professionals in a roundtable discussion, which took place at the National Reverse Mortgage Lenders Association (NRMLA) Eastern Regional Meeting in […]

Blue Ridge Bank Partners With ReverseVision on Reverse Mortgage Division Launch

Through a partnership with ReverseVision, Blue Ridge Bank announced this week the launch of its reverse mortgage division. Blue Ridge has extensive experience operating in the forward mortgage space, having closed more than $25 billion dollars in forward residential home loans. The partnership aims to expand the number of financial planning options offered to the […]

FHA Commissioner: HECM Program Health is Encouraging

The Home Equity Conversion Mortgage (HECM) program remains a source of concern for the Federal Housing Administration (FHA), but recent corrective action taken to improve its standing within the Mutual Mortgage Insurance (MMI) Fund is showing progress. This is according to remarks made by FHA Commissioner and Acting Deputy Secretary of the Department of Housing […]

The RMD Podcast #1: Interview with RMF President David Peskin

Welcome to The RMD Podcast! Our very first episode is now available!  Reverse Mortgage Funding (RMF) is one of the nation’s largest reverse lenders, standing as a top 5 company based on Reverse Market Insight’s list of the industry’s top lenders by volume and is a pioneer in the proprietary product market. RMF President David […]

Celink to Appoint Sivori as Chairman and CEO

Lansing, Mich.-based reverse mortgage subservicer Celink has announced plans to appoint Robert Sivori as the company’s new chairman and Chief Executive Officer (CEO). Sivori will succeed Jason McNamara, who will serve on the board of Celink’s new parent company. Sivori, an industry veteran with more than 25 years of experience in the forward and reverse […]

New ReverseVision Calculator Works to Normalize Reverse Mortgages

Through the launch of a new loan comparison tool announced this week, reverse mortgage software provider ReverseVision is taking aim at the way originators and borrowers view reverse mortgages in the current lending environment. A departure from traditional reverse mortgage calculators that take a sole focus on reverse mortgage product options, the calculator redefines the […]

Open Mortgage Acquisition to Allow for Reverse Expansion

Multi-channel lender Open Mortgage announced this week that it has acquired Premier Home Mortgage, a lender specializing in financing homes in rural areas of the United States. The acquisition is expected to add $300 million in loan value to Open Mortgage, while also adding offices in the states of Iowa, Montana, South Dakota and Wyoming […]

Zillow: U.S. Home Values Record First Monthly Decline Since 2012

The median home value in the United States dropped from March to April, the first monthly decline since February 2012. This is according to the April Zillow Real Estate Market Report. A typical home in the U.S. is worth $226,800 – down 0.1 percent from last month – which Zillow says is led by the […]

RMS Parent Company Ditech Deregistered from NYSE

Ditech Holding Corporation, parent company of Reverse Mortgage Solutions (RMS), has officially been deregistered from the New York Stock Exchange according to an 8-K filing the company made with the Securities and Exchange Commission (SEC) Wednesday. “On May 15, 2019, Ditech Holding Corporation filed a Form 15 with the Securities and Exchange Commission to deregister […]