Who would have thought that Sir Richard Branson would want to get into the reverse mortgage business? Last week Virgin USA acquired a majority stake in Circle Lending, Inc. which is a peer to peer lending company. I posted an overview of their reverse mortgage type of product a while back that goes into more […]
Category: News
An article from Reuters talks about the possibility of former subprime loan officers moving into the reverse mortgage industry after all the subprime problems as of late. According to the article, there are between 12,000 to 15,000 loan officers that may start to look towards the reverse mortgage market for employment. At the Mortgage Bankers […]
“The retail lending platform will also be a great distribution channel for other product initiatives we anticipate deploying, including FHA and reverse mortgages.” Joseph R. Tomkinson, Chairman and CEO of Impac Mortgage Holdings, Inc. On Monday Impac Mortgage Holdings, Inc. announced its plans to create a national retail franchise by purchasing certain assets compromising the […]
Just a few headlines for everyone before the weekend: Big Lender Enters Reverse Mortgage Niche (WSJ) Boomers Warm to Reverse Mortgages (Investment News) When a Reverse Mortgage Makes Sense (Yahoo Finance) For Boomers, long-term planning can have extra challenges (ADN.com) Aiming to retire by age 62 (Yahoo Finance) Cheers! Technorati tags: Reverse Mortgage, HECM, FHA, […]
Just a few Reverse Mortgage stories from this weeks news: Reverse Mortgages Boom While the Rest of the Industry Swoons (Realty Times) Medicaid Gets Tough (Kiplinger) Stay Afloat Financially (CNN Money) Bank of America’s Reverse Mortgage Acquisition is Well-Timed (Bank Net 360) I hope everyone has a great weekend. Cheers! Technorati tags: Reverse Mortgage, Reverse […]
A couple days ago I came across a great article that gives a few examples of the benefits of a reverse mortgage from a CPA’s point of view. Here is a quick view of one of the benefits that is discussed in the article. To see the rest click the link below https://www.cpa2biz.com/News/Journal+of+Accountancy/July+2006/Reverse+Mortgages+WI.htm
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