Ginnie Mae Buyout Requirements Put Pressure on Servicers

As the reverse mortgage industry increases its reliance on Ginnie Mae’s HMBS program, Broker Universe describes how buyout requirements could take a toll on servicers once HECM-securitized loans come to maturity in a few years. "The reverse product we are working today [requires] a whole different look at the market than … in the past […]

Reverse Mortgage Solutions Forms REO Suite of Services

REO Leasing Solutions (R2L) has introduced a suite of services to assist property investors with leasing distressed assets and reinstating value to those troubled assets.  The company is a wholly owned subsidiary of reverse mortgage servicer, Reverse Mortgage Solutions.  Utilizing a consumer-focused approach to handling single-family assets, R2L’s asset retention methodology enables borrowers to stay […]

Reverse Mortgage Technology Misses Smaller Brokers

Mortgage Technology editor Anthony Garritano writes that survey results found that 76% of respondents said there isn’t enough technology out there to automate reverse mortgages.  To be fair, the survey had a whole 17 people respond but it got me thinking, what are people looking for? There are origination systems catering to larger lenders from […]

Is Private Insurance For Reverse Mortgages on the Horizon?

The Mortgage Bankers NewsLink published an interview with Marc Helm, CEO of Reverse Mortgage Solutions where he discusses the current state of the reverse mortgage industry.  At the end of the interview, Helm talks about different efforts that are underway to develop a private market for reverse mortgage products.  Specifically, Helm says that one company […]

March Was Great Month For Reverse Mortgages, Will It Last?

Origination News writer Brad Finkelstein describes how even with the higher loan limits for the rest of 2009, it hasn’t exactly translated into more HECMs being originated. In March, things seemed to have turned around for the industry as it endorsed 11,261 HECMs, up from 24% from February and easily breaking the previous record of […]

State of The Reverse Mortgage Industry Interview

MortgageOrb recently sat down with Marc Helm, COO of Reverse Mortgages Solutions to discuss the state of the reverse mortgage business.  During the interview, Helm discusses the secondary marketing potential for reverse mortgages and the new interest from insurance companies.  Below is a quick snapshot of a portion of the interview. Q: How do you […]

Reverse Mortgage Solutions Sees Record Growth in 2008

Reverse Mortgage Solutions recently announced that it has become the largest privately held sub servicer of reverse mortgages, boarding in excess of 22,000 loans to date.  At its founding, the Spring, Texas based company was financed by JAM Equity Partners, LLC and its affiliates with a $7 million investment. “We have enjoyed astronomical growth – […]