The trial of former Live Well Financial CEO Michael Hild for an alleged bond fraud scheme kicked off in the Southern District Court of New York in Manhattan on Tuesday.
Ennkar founder and branch manager Omar Ennabe sits down with RMD to discuss how the company doubled business last year, and what it hopes to do differently now that it’s broken into the top 10 lenders.
The reverse mortgage industry has made several recent efforts to appeal to the financial planner community, and RMD updates the industry on those from FAR, Fairway, CrossCountry Mortgage and the Academy for Home Equity in Financial Planning.
As FAR’s parent company begins its trading week on Wall Street, the reverse mortgage lender remains confident in its new position, while early share price values have fallen.
Fairway Independent Mortgage has promoted one senior member of its reverse mortgage team, who in his first action has added two veteran account executives.
Both reverse mortgage endorsement volume and HMBS issuance recorded increases in March, on the heels of positive HECM program news in the MMI Fund. RMD speaks with an industry analyst about these developments.
Steven Sless and Christina Harmes Hika of PRMI discuss the intricacies of changing companies in the reverse mortgage business, and some of the challenges in training forward originators to do reverse business.
A new RMD feature delves into the workdays of reverse mortgage professionals, with the first installment focusing on an industry veteran and reverse mortgage division leader.
Reverse mortgage professionals are very encouraged by recent revisions made to forms required for condo approvals, but that’s not to say that additional work to streamline the process further is out of the question.
The CEO of Finance of America Companies talks with RMD about what FAR’s position could look like post-IPO, and how the dynamics of its reverse mortgage business could change due to going public and a key new product offering.