Generation Mortgage’s Stance on Using Reverse Mortgage Proceeds to Purchase Financial Products

Last week Generation Mortgage Company announced a new set of policies and procedures that apply to purchases of other financial products using reverse mortgage proceeds.  Jeffrey Lewis, Chairman of Generation Mortgage said, “The media has appropriately focused of late on the abusive practices of some of our competitors, who have aggressively sold inappropriate products to […]

Former US Housing Secretary Joins Generation Mortgage

We already have the beloved Robert Wagner, James Garner, and even Pat Boone talking about reverse mortgages, why not add one more?  Last week Atlanta based Generation Mortgage announced that Jack Kemp would be joining their team as a company spokesperson.  As a former US Housing Secretary, nine-term Congressman, Vice Presidential candidate and professional football […]

Generation Mortgage Acquires Amston Mortgage Company

Generation Mortgage Company announced that they have acquired Amston Mortgage Company. AMC is headquartered in Moodus, CT and is the 14th largest reverse mortgage provider in the US. “Amston’s customer service-oriented culture fits perfectly with that of Generation,” said Joe Morris, President of Generation Mortgage Company. “Our shared commitment to our customers combined with the […]

New Generation Mortgage Jumbo Product

Today, Generation Mortgage Company announced the introduction of their Generation Plus(TM) jumbo reverse mortgage program. This program differs slightly from the other jumbo programs in the market by lowering the margin to 3.125% instead of the standard 3.5%. However, the margin is based off of the 1-Month Libor instead of the 6-Month Libor like the […]