Last week, the Intercontinental Exchange (ICE) Benchmark Administration published a new 10-year London Interbank Offered Rate (LIBOR) SWAP rate for the first time since February 27, which came in this week at an estimated 45% lower than the previously-published rate. This presents a new opportunity for reverse mortgage borrowers to get a higher level of […]
For anyone who follows the reverse mortgage industry, it’s almost impossible to avoid the name and brand of American Advisors Group (AAG). The company currently stands as the undisputed leader of the reverse mortgage industry, with the largest market share and arguably the most visible branding in the public consciousness owing to its significant investment […]
American Advisors Group (AAG) has built on its relationship with the Better Business Bureau (BBB) to raise awareness for seniors concerning scams that may target them in the midst of the COVID-19 coronavirus pandemic. This is according to an announcement both organizations jointly released on Friday morning. “Financial criminals have seized an opportunity created by […]
As the full scope and impact of the COVID-19 coronavirus pandemic continues to come into clearer view with the passing of each new day, the need for relief among those most affected by the health and economic shocks that have stemmed from it has caused many businesses to step up and offer their resources to […]
American Advisors Group (AAG) has released a new video message from its celebrity spokesman, actor Tom Selleck, designed to remind Americans across the country of the particular hardships that seniors can suffer as a result of isolation that may be exacerbated by social distancing guidelines during the COVID-19 coronavirus pandemic. The video, titled “We Need […]
After pausing reverse mortgage origination operations in New York last month due to a series of new regulations that the state’s governor recently signed into law, at least one major lender has resumed its operations in the state while others are in the midst of preparing to do the same. As of late last week, […]
Reverse mortgage professionals across the country are being inundated with a constantly-evolving situation related to the COVID-19 coronavirus pandemic. For some seniors whose retirement plans have been affected, looking at reverse mortgages has become a way to access needed cash. This is according to outreach conducted by RMD, and results of a recent Pulse Survey […]
In 2004, the United States Senate passed a resolution which recognizes the month of April as National Financial Literacy Month. In honor of the month’s recognition, American Advisors Group (AAG) has released a series of animated educational videos which are aimed at teaching Americans how they can use home equity as a financial tool in […]
Proprietary reverse mortgage products that are not reliant on the Federal Housing Administration (FHA)-backed Home Equity Conversion Mortgage (HECM) program remain a major source of industry optimism for those within it as of the beginning of 2020. This is according to Reverse Mortgage Daily’s Outlook Survey and Report, conducted online in December 2019. The survey […]
The reverse mortgage industry is taking a series of major steps in order to prepare for the full impact of the coronavirus pandemic, mobilizing working groups, changing or amending company policies to encourage social distancing with borrowers and employees, and seeking new regulatory relief in order to ensure that continuity of business is maintained for […]
