The path toward a more robust reverse mortgage industry which includes a broader pool of borrowers seeking out home equity conversion in order to expand their financial options in retirement runs directly through the ability for the industry to bolster its distribution infrastructure in the future. This can allow the industry to more flexibly respond […]
The reverse mortgage industry is always on the offensive when it comes to adequately educating potential clients about the ways in which the product category can be used by those at or near retirement, but a potential key to expanding the reverse mortgage business could be in the equal presentation of a reverse option for […]
Mortgage investment firm Ellington Financial LLC (NYSE: EFC) released its Q2 2020 earnings results last week, and has touted the success of top 10 reverse mortgage lender Longbridge Financial, describing the lender’s performance as a “driver” of positive performance in its mortgage investments portfolio. “The Company’s investments in loan originators had strong performance during the […]
While the reverse mortgage industry has managed to weather the economic shock of the COVID-19 coronavirus pandemic reasonably well in the broader financial situation we’re now living in, some lenders are also still managing to grow. Taking a strategic approach to the ways in which economic shock can be endured or even avoided is something […]
The reverse mortgage industry hoped for the best and prepared for the worst shortly after the onset of the COVID-19 coronavirus pandemic, but industry leaders from some of the top lenders in the space are encouraged by the way the business has performed, owing to the demonstrated value that a reverse mortgage has presented to […]
Rocket Companies, Inc. — parent company for Quicken Loans and Rocket Mortgage — has filed for an initial public offering (IPO) to allow the trading of its shares on the U.S. stock market after disclosing an annual profit for the past three years. This is according to original reporting at Bloomberg. “The Detroit-based company, which […]
Like most lenders, top-10 reverse mortgage lender Fairway Independent Mortgage Corporation has seen increasing levels of business during the COVID-19 coronavirus pandemic. But there’s more to the story than simply new demand, says National Reverse Mortgage Director Harlan Accola. In addition to economic factors felt across the industry and U.S., Accola attributes to new interest […]
Austin, Tex.-based multi-channel mortgage lender Open Mortgage announced on Wednesday that it is suspending its ad buying on social media platforms owned by Menlo Park, Calif.-based Facebook in protest of those platforms’ policies related to the proliferation of misinformation and hate speech, the company said. The lender is joining prominent corporations including beverage maker The […]
The ability to conduct business through non-traditional means has become a necessity for virtually every company that has continued operations throughout the COVID-19 coronavirus pandemic, and reverse mortgage companies are no exception. Scott Gordon One reverse mortgage company that has continuously reiterated its dedication to technological innovations is top 10 lender Open Mortgage, as CEO […]
San Diego, Calif.-based Synergy One Lending, which formerly included reverse mortgage lender Retirement Funding Solutions (RFS), announced this week the management-led asset purchase (MBO) of the company’s distributed retail channel and the Synergy One brand from Mutual of Omaha Mortgage. Led by Synergy One CEO Steve Majerus and President Aaron Nemec, company leadership expressed significant […]
