Knight: Does Not Expect FinReg to Impact HMBS Business

Knight Capital Group told a group of analysts during an earnings call that it doesn’t expect regulation from the Dodd-Frank reform bill to impact the company’s entrance into the reverse mortgage business. Specifically, Thomas Joyce, CEO of Knight said it doesn’t anticipate the new regulations will require it to keep “skin in the game” on […]

Optimistic Reverse Mortgage Outlook But Challenges Remain

After a challenging fiscal year in 2010, attendees at last week’s Annual Meeting of the National Reverse Mortgage Lenders Association still seemed upbeat about the future of their companies and industry. It helped to hear Jeff Lewis, senior managing director, Guggenheim Partners; and chairman of the board of Generation Mortgage Company, predict a 25 percent […]

Urban Acquires Guardian First Funding and Rights to Robert Wagner Campaign

Urban Financial Group has acquired the assets of Guardian First Funding Group along with the rights to a reverse mortgage lead generation campaign featuring Robert Wagner. According to sources close to the deal, the acquisition closed late Friday afternoon and provides Urban with arguably the most recognized retail brand in the industry. “Guardian is skilled […]

Next Generation Product Could Expand Demographic Appeal of Reverse Mortgages

The last year hasn’t been easy on the reverse mortgage industry, but during the National Reverse Mortgage Lenders Association’s “road show” attendees expressed some optimism about things to come. With at least $140 million provided through the appropriation process so far and the possibility of a two product solution from the Federal Housing Administration, stars […]

Volume Continues to Increase, Top Reverse Mortgage Lenders

Reverse mortgage lenders endorsed 5,901units during July, up 11% from June and the second month over month increase in volume. Overall volume for 2010 is still down 39% from the same period last year, but endorsements are starting to catch up to the increase in applications the industry has seen since March. As the number of applications continues to rise, […]

Reverse Mortgage Broker Volume Falls 25%, Moves to Banks

Origination volume of reverse mortgage brokers fell 25.8% during May and marks the first time in 12 months that direct retail volume has surpassed broker business according to data from Reverse Market Insight. “If nothing else it shows the continuing impact of smaller originators getting washed out by lower industry volumes and new licensing requirements,” […]

Guardian Adds Former Senior Lending Network Execs and Robert Wagner as Spokesperson

Guardian First Funding Group announced the addition of two former key executives from the Senior Lending Network and the addition of  legendary actor Robert Wagner as the company’s spokesperson. Mr. Wagner will appear in all of Guardian First Funding Group’s print, television and web site advertising said a company statement.  In his role as spokesperson, […]