Why Reverse Mortgage Pros Must Stress Accuracy in Borrower Conversations

Reverse mortgage professionals who find themselves regularly interacting with potential or actual borrowers must take the extra step of ensuring as much accuracy in their presentations as possible. Any proverbial “wiggle room” that exists in something that is related by loan originators or other professionals has the chance to be misconstrued by a borrower, so […]

Get Ready, Reverse Mortgage Pros: Gen X’s Money Concerns Outweigh Those of Boomers

Americans in the demographic cohort known as “Generation X,” signifying those born between approximately 1961 and 1980, are displaying larger signs of anxiety related to their finances than the baby boomer generation. This is according to the 2020 Workplace Benefits Report by Bank of America, and cited by retirement media website NextAvenue. “[The survey] found […]

‘Understanding Reverse’ 2021 Update Aims to Ease Reverse Mortgage Education

The latest edition of reverse mortgage educational reference book Understanding Reverse has been published, marking the seventh consecutive version and featuring updates shaped by new and evolving realities of the reverse mortgage product category. The latest version of the book includes approximately 70 changes touching on topics including the updated Home Equity Conversion Mortgage (HECM) […]

Reverse Mortgage Volume, Securities Issuance End 2020 on a High Note

Home Equity Conversion Mortgage (HECM) endorsements in December recorded an increase at the end of the year, rising 15.1% to 4,097 loans. This marks a reversal of recent courses, as HECM volume previously had been on a recent downward trend, but overall the year finished on a strong note by rising 27.3% to 44,661 loans […]

Liberty Parent Ocwen and CFPB Fail to Settle Mediation on 2017 Suit

Liberty Reverse Mortgage and PHH Mortgage Corp parent company Ocwen Financial Corporation announced today that it has concluded its court-ordered mediation process with the Consumer Financial Protection Bureau (CFPB), a process which has failed to produce a settlement. “We are disappointed that settlement discussions with the CFPB did not resolve this matter, in particular since […]

Starwood Capital Affiliate Completes Acquisition of RMF Parent

Reverse Mortgage Investment Trust (RMIT), the parent company of leading reverse mortgage lender Reverse Mortgage Funding, LLC (RMF) has announced the successful completion of its acquisition by an affiliate of Starwood Capital Group, a global private investment firm which is focused on real estate investments and which maintains more than $60 billion of assets under […]

Forbes: Why Reverse Mortgage Borrowers Make Mistakes

While Home Equity Conversion Mortgages (HECMs) have significant potential as financial tools for seniors who are trying to create cash flow in retirement, sometimes the benefits of HECMs can lead to a series of mistakes made by their borrowers. Access to an influx of cash can sometimes lead to irresponsible spending, with that cash chipped […]

ReverseVision Promotes Langner to President and CEO as He Shares His 2021 Vision

Reverse mortgage technology platform ReverseVision today announced the promotion of Joe Langner to the joint position of president and chief executive officer (CEO), elevating the executive who has served as the company’s president since early last year. His new duties in this expanded role are designed to lead ReverseVision in its mission to introduce reverse […]

The Street: Deciding if a Reverse Mortgage Makes Sense for You

A reverse mortgage, specifically a federal government-sponsored Home Equity Conversion Mortgage (HECM), has a lot of moving parts that may make the product concept intimidating for some people. For those who are looking for alternative ways to try and create more cash flow in retirement, there are clear benefits as well as some inherent complexities […]