Newest AAG Ad Features Selleck Talking Jumbo Reverse Mortgages

On the heels of its last advertising production featuring a new direction in messaging with spokesman Tom Selleck, American Advisors Group (AAG) on Monday released a new ad aimed this time at touting its proprietary reverse mortgage offering known as “AAG Advantage” also led by Selleck. The new ad — titled “Change” — is aimed […]

RMD Report: Reverse Mortgage Industry Sees Big Potential in New Condo Rule

The Department of Housing and Urban Development (HUD) announced earlier this month a new process for condominium approvals, effective October 15, which will expand FHA financing for qualified first time homebuyers as well as seniors looking to age in place, allowing those seniors to engage in reverse mortgage loans for single condominium units. While HUD […]

Updated: FHA Eases Condo Rules, Expanding Reverse Mortgage Market

Through a new rule announced Wednesday, the Federal Housing Administration (FHA) is making it easier for condo owners to get reverse mortgages and other FHA financing. The FHA published a final regulation and policy implementation guidance this week establishing a new process for condominium approvals, effective October 15, which will expand FHA financing for qualified […]

AAG Survey Defines ‘Dream Retirement’ Among Age Groups, Genders

In retirement, baby boomers look forward to spending more time with their families while Gen Xers and millennials aspire to travel after completing work. This is according to the results of the Dream Retirement Survey, a multi-generational nationwide poll designed to gauge different views on retirement that vary by generational and gender divides, conducted by […]

Reverse Mortgage Endorsements Rise in July

Home Equity Conversion Mortgage (HECM) endorsements rose by 8.2 percent to 2,754 loans for the month of July 2019, with a lower 10-year SWAP interest rate and an extra day of business helping to provide a volume bump. This is according to the July HECM Lenders report compiled by Reverse Market Insight (RMI). “The additional […]

Local Spotlight on Hawaii: Multi-gen Housing, Condos and Lava Zones

Reverse mortgage origination can be a far more complicated business than a lot of people give it credit for, especially considering all of the unique realities that dominate some specific areas of the country. Whether discussing individual laws that govern the use of the product or the sometimes wildly different way that specific localities are […]

AAG Sends Lucky ‘Bucket List’ Borrower to Meet Tom Selleck

American Advisors Group (AAG) is choosing select customers to check some remaining items off of seniors’ “bucket lists,” or things they wish to experience in life while they’re able. For one AAG reverse mortgage customer, this included getting a “red carpet treatment” to observe the production of the latest AAG commercial featuring spokesman Tom Selleck […]

AAG Launches New Wholesale Brand, Online Education Portal

American Advisors Group (AAG) today announced the introduction of a new program called “AAG & You, Better Together,” a result of the company’s increased investment in wholesale partner relationships. The program includes a new online portal that aims to provide more than 700 of AAG’s approved wholesale partners with access to product-specific information and tools […]

AAG and Better Business Bureau Expand Partnership to Fight Senior Fraud

The largest reverse mortgage lender by volume and the Better Business Bureau (BBB) have expanded their partnership in an effort to combat senior-focused fraud nationwide. Through the partnership, launched last year by American Advisors Group (AAG) and the BBB, the organizations have created the “Savvy Seniors Program,” a senior-focused fraud prevention program that will host […]