FAR Announces Educational Partnership with Financial Planning Association

Finance of America Reverse (FAR) and the Denver, Colo.-based Financial Planning Association (FPA) today announced the formation of a new partnership aimed at providing educational material to financial planner professionals to better inform them of the options that are available to their clients in incorporating reverse mortgages as part of a comprehensive financial plan. This […]

AAG Debuts New Reverse Mortgage Educational Videos

In 2004, the United States Senate passed a resolution which recognizes the month of April as National Financial Literacy Month. In honor of the month’s recognition, American Advisors Group (AAG) has released a series of animated educational videos which are aimed at teaching Americans how they can use home equity as a financial tool in […]

Governments, Communities Take Precautions to Protect Seniors from Coronavirus

Individuals that are at higher risk from becoming seriously ill from COVID-19, the illness that results from the coronavirus, include those who have vulnerable immune systems or other underlying health conditions. This includes the primary demographic that the reverse mortgage industry serves, senior citizens, according to guidance from the Centers for Disease Control and Prevention […]

Reverse Mortgage Education Comes to Amazon’s Audible Platform

The mission of reverse mortgage product education is one of the proverbial “front lines” of the industry, since all stakeholders maintain a vested interest in countering the often intense and persistent negative product perceptions that permeate consumers’ understanding of what a reverse mortgage is. One of the ways that can be beneficial in combating the […]

WalletHub: States With the Highest and Lowest Property Taxes

In order to keep a reverse mortgage loan in good standing, a borrower has to maintain the property to the standards of the Federal Housing Administration (FHA), and they have to be current on their payments to their homeowners insurance and property taxes. Not all tax environments are created equal, however, since different states have […]

Despite Optimism, Reverse Mortgage Pros Still Wary of Education Hurdles

The reverse mortgage industry has been forced to evolve and adapt quite a lot in recent years, particularly after a reduction to principal limit factors (PLFs) instituted by the Federal Housing Administration (FHA) in October of 2017. The industry was forced to go through a multi-faceted adjustment brought about by that disruption, but now that […]

RMF Releases Two Social Security Guides for Consumers, Financial Pros

Reverse Mortgage Funding, LLC (RMF) has announced the availability of two new, digital Social Security guides for 2020. One is designed to help consumers maximize retirement benefits, while the second aims to support planning professionals in better serving the long-term financial goals of their clients. The guides cover a number of different topics related to […]

3 Tips for Training Forward Originators into Reverse Mortgages

Finding dedicated reverse mortgage personnel that have been trained strictly in the reverse discipline can be a difficult thing for recruiters at various lenders, which is why it’s generally common for some of those lenders to find loan officers who have been trained and working on the forward side through something of a “conversion” process. […]

Safeguarding the Reverse Mortgage Business in the Cyber Security Age

In the wake of numerous, high-profile cyber security breaches that have afflicted some of the world’s largest technology companies, it’s incumbent upon financial professionals in particular – even in the reverse mortgage industry specifically – to be aware of cyber security threats and how to protect against attacks that can affect clients, business and employees. […]