A DOJ complaint against a reverse mortgage lender for allegedly forging certifications and using unqualified underwriters to approve Home Equity Conversion Mortgage (HECM) loans between 2008 and 2010 has a trial date scheduled, though a motion to dismiss has not yet been ruled out.
A pacific northwest reverse mortgage broker marks a milestone of saving its clients $1 million in forward mortgage payments by making a donation to a local senior center, so RMD sat down with its owner to learn what went into and motivated the decision to mark the milestone in that way.
An investment firm with a stake in a leading reverse mortgage lender has again touted its presence in the space, touting the lender’s growth as a positive contributor to its diversified portfolio.
Former Live Well Financial CEO Michael Hild has been found guilty on all counts in a trial over an alleged bond fraud scheme taking place in Manhattan, with sentencing to take place at a future date. The story has been updated with statements from the U.S. Department of Justice.
Liberty Reverse Mortgage parent company Ocwen Financial Services reported strong results for Q1 2021, pointing out the performance of its reverse mortgage business while at the same time touting the dismissal of a case brought against it by the CFPB.
The Consumer Financial Protection Bureau (CFPB) has issued an enforcement action against a reverse mortgage lender, taking issue with its advertising practices. This story has been updated with a statement from the lender in question.
The trial of former Live Well Financial CEO Michael Hild continues in Manhattan, as the government presents witnesses for the prosecution formerly involved in Live Well’s executive leadership team while Hild’s attorney aims to illustrate that his client never acted with ill intent.
HighTechLending has hired a new VP of Reverse Operations, the latest move from the top 10 reverse mortgage lender.
PRMI’s Sless Group has hired veteran reverse mortgage loan originator Sam Millman to join its Maryland office.
Fairway Independent Mortgage Corporation’s Harlan Accola shares some of the most efficient ways to enlist financial planners as reverse mortgage referral partners, with key advice coming down to knowing and appreciating the details of their business before walking into a meeting.