A reverse mortgage lender accused of allegedly forging certifications and using unqualified underwriters to approve Home Equity Conversion Mortgage (HECM) loans between 2008 and 2010 has had its dismissal motion denied, clearing the way for a trial.
Category: Lenders
Leading reverse mortgage lender AAG and Orange County United Way have forged a new partnership with the aim of combating homelessness in their local community.
Reverse mortgage industry-leading lender American Advisors Group (AAG) has consolidated its headquarters in a new location in Irvine, Calif. and has largely moved to a hybrid model for its workforce.
Primary Residential Mortgage (PRMI)’s Steven J. Sless Group, the lender’s consumer-direct retail division focused solely on reverse mortgages in Owings Mills, Md., has added Jonathan “Jake” Bair as a reverse mortgage loan originator.
Reverse Mortgage Investment Trust CFO Tim Isgro describes how various changes handed down to the reverse mortgage program in recent years has affected the strength of the industry, and the confidence of investors.
FAR has added a new Senior Director of Marketing Intelligence, who comes from prior experience at the National Council on Aging (NCOA) and a fellowship at NASA.
Sun West Mortgage Company aims to expand its west coast operations with the addition of John Dickinson as reverse mortgage planner for the company.
The reverse mortgage industry’s trade association has announced efforts to increase diversity, equity and inclusion efforts in the reverse mortgage business and its customer base through broad conversations and a new association committee.
Former reverse mortgage lending executive Michael Hild has enlisted a new attorney to represent him after being convicted of bond fraud charges in federal court late last month, and his sentencing date has been postponed.
Finance of America Companies reported strong results in its Q1 2021 earnings, citing the reverse mortgage business – Finance of America Reverse (FAR) – as a particularly strong performer.
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