Homeowners, Appraisers Agreed More on Value at End of 2017

Though the average appraisal of a home still lags behind the price homeowners hope to achieve, the gap between the two numbers is narrowing, according to the National Quicken Loans Home Price Perception Index (HPPI). The index compares the estimate supplied by homeowners on a refinance mortgage application to the appraisal later conducted in the mortgage […]

One Reverse Rolls Out New Ad Campaign Without Winkler

Faced with the amiable exit of their long-time television spokesman, One Reverse Mortgage elected to try a pitchman-free ad campaign — and at least so far, it’s bringing the retail lending giant a more serious group of potential leads. Henry Winkler spent six years as the face of Quicken Loans’ reverse arm, but when the […]

Finance Columnist Defends Reverse Mortgages, Top Lender Airs New TV Ad

Reverse Focus Weekly Podcast Episode #409 In this week’s Reverse Focus podcast, Shannon Hicks discusses a a personal finance columnist who recently defended his stance on reverse mortgages after being called “crazy” by some of his readers. In a column published by the San Antonio Express-News, personal finance commentator Scott Burns stressed that although reverse […]

Judge Rules One Reverse, Quicken Companies Violated Labor Rules

A judge last week ruled that Quicken Loans and several members of its family of companies, including top-10 reverse mortgage lender One Reverse Mortgage, violated certain provisions of the National Labor Relations Act (NLRA). On Thursday, Administrative Law Judge David Goldman ruled that Quicken Loans, along with affiliated companies One Reverse Mortgage, In-House Realty, Fathead […]

Appraised Home Values Fall Short of Owner Expectations, Except in These Cities

Homeowners have inflated opinions of what their homes are actually worth, only to receive a reality check from their property’s appraised value, according to a recent analysis. On average, appraised home values in December were 1.8% lower than homeowners’ expectations of their home’s value, notes the latest national Home Price Perception Index from Quicken Loans. Meanwhile, […]

Will the Quicken-DOJ Dispute Spell Doom for One Reverse Mortgage?

The ongoing legal dispute between the federal government and one of the nation’s largest mortgage lenders is leaving the fate of a top-5 reverse mortgage lender lost in the shuffle. Last Thursday, Judge Mark A. Goldsmith of the U.S. District Court for the Eastern District of Michigan dismissed a lawsuit filed by Quicken Loans against […]

Reverse Mortgage Communication Breakdowns, Urban’s New Name

Reverse Focus Weekly Podcast Episode #391 In this week’s Reverse Focus podcast, Shannon Hicks discusses why Quicken Loans, the nation’s third largest mortgage lender, is considering an exit from Federal Housing Administration (FHA) lending. Quicken, which is also the parent company of top-10 reverse lender One Reverse Mortgage, cited in a recent Reuters report that […]

Friday Round-Up: Reverse Mortgages’ Bad Rep, Quicken Considers FHA Exit

In case you missed it, here’s what happened in reverse mortgage news this week: Quicken Loans Considers Quitting FHA Lending Over DOJ Dispute—In a Reuters report this week, the third biggest mortgage lender in the U.S. said it is considering backing away from Federal Housing Administration (FHA) lending programs, citing an ongoing legal dispute with […]