PRMI’s Sless Group has hired veteran reverse mortgage loan originator Sam Millman to join its Maryland office.
PRMI’s Steven J. Sless Group has partnered with the Institute for Divorce Financial Analysts, potentially opening up additional avenues of reverse mortgage business.
Steven Sless and Christina Harmes Hika of PRMI discuss the intricacies of changing companies in the reverse mortgage business, and some of the challenges in training forward originators to do reverse business.
In our first group interview ever featured on The RMD Podcast, we sit down with Steven Sless and Christina Harmes Hika of Primary Residential Mortgage, Inc. to talk about the recent news of the company’s expansion to San Diego!
PRMI’s Sless Group has expanded to the west coast with a San Diego branch, which will be managed by Christina Harmes Hika formerly of C2 Reverse.
To close out Reverse Mortgage Daily’s industry coverage in 2020, we took a look at the top stories of the year that garnered the highest readership based on our internal data. To begin the new year, we also took a look at four key trends that the reverse mortgage industry should keep an eye out […]
Primary Residential Mortgage (PRMI)’s Steven J. Sless Group, the lender’s consumer-direct retail branch focused solely on reverse mortgages in Owings Mills, Md., has spearheaded the creation of a new, reverse mortgage-focused video series designed to appeal to seniors and to present accurate information about the reverse mortgage product category. Beginning this month and launching weekly […]
This week, the Government National Mortgage Association (GNMA, or “Ginnie Mae”) announced that it had delayed a previously-declared January 1, 2021 restriction on the eligibility of Home Equity Conversion Mortgage (HECM)-backed Securities (HMBS) for adjustable rate loans operating off of the London Interbank Offered Rate (LIBOR) index to March 1, 2021. The delay for originators […]
Reverse mortgage borrowers who have higher value homes and may still find themselves in an economically difficult situation may see the increase in the Home Equity Conversion Mortgage (HECM) lending limit as a very helpful occurrence in the new year, according to one originator. Remaining 2020 reverse mortgage business around the country is also expected […]
The increase of the Home Equity Conversion Mortgage (HECM) lending limit to $822,375 in 2021 will prove to be a boon to opportunities available in the industry, allowing for originators to serve borrowers with higher value properties while also giving the reverse mortgage product category more prominence in the lending space. However, lending limits higher […]