Reverse Mortgages in the News

In The News Now

Urban Financial Group Holdings Hires New General Counsel
Reverse Mortgage Daily
UFG Holdings, LLC, the holding company of reverse mortgage lender Urban Financial of America, LLC, has named Karen C. Tankersley as general counsel. Tankersley will lead the legal department for the entire UFG Holdings and will oversee the ...

US Mortgage Corp. Eyes Reverse Mortgage Growth With New Hire
Reverse Mortgage Daily
He will focus on recruiting licensed loan originators nationally, as well as working with the current team of loan originators to help develop their reverse mortgage business. Fitzpatrick will oversee the day-to-day operations of the entire reverse ...

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1st Reverse Mortgage USA Expands Wholesale Correspondent Channel
Reverse Mortgage Daily
The hires come following a leadership reconfiguration among 1st Reverse Mortgage USA management that resulted in David Brindley moving into the role of National Correspondent Wholesale Development Manager and the subsequent hire of Sandy ...

Reverse Mortgage Volume Up, Contrary to Popular Belief
Reverse Mortgage Daily
While U.S. Department of Housing and Urban Development (HUD) data suggest a decline in reverse mortgage originations over the past six months, reverse mortgage technology and software provider ReverseVision, Inc. says reverse mortgage volume is ...

Jobs Available for Reverse Mortgage Pros, LOs and More—Apply Today
Reverse Mortgage Daily
Those currently on the hiring front include Generation Mortgage Company, Yadkin Bank, ReverseVision, Nationwide Equities, among others looking to fill positions for reverse mortgage sales professionals, specialists, loan originators processors and more.
Reverse mortgage: The next big thing?MPA News

all 2 news articles »

Nationstar Cuts 160 Mortgage Servicing Jobs
Reverse Mortgage Daily
The company, whose reverse mortgage servicing portfolio stands around $30 billion in unpaid principal balance (UPB), announced in June that it would no longer originate reverse mortgages through its Greenlight Financial platform. One of the largest ...

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Avoid reverse mortgages: Alice's story
Sandusky Register (blog)
Even though the amount of the mortgage on their $95,000 home was $69,000, “new money” from the loan was only $58,000, as there were $7,000 in closing costs and $4,000 in prepaid “servicing fees.” In other words, the loan was highly predatory from the ...

Reverse Mortgage Industry Poised for Growth
Reverse Mortgage Daily
As the number of eligible reverse mortgage borrowers increases as a result of an aging baby boomer population, reverse mortgage industry leaders say the sector is bound to expand. “I think the additional regulations that have been put on the product ...

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Urban Launches New Private HomeSafe Reverse Mortgage
Reverse Mortgage Daily
Urban Financial of America is rolling out a new, proprietary reverse mortgage that will be made available to borrowers beginning September 2. The new, fixed-rate loan, called the “HomeSafe,” will be focused on borrowers with high-value homes, with a ...

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Using a Reverse Mortgage to Pay Off First Mortgage
Fox Business
Older homeowners often use reverse mortgages to pay off their traditional mortgages so they can get rid of their monthly house payments. Is that a wise strategy? Reverse mortgages have gained a bad reputation over the years, but they can be a useful ...

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Up to the minute news coverage of reverse mortgages as provided by Google News Alerts. Links to television news stories and a sampling of print articles published in regional and national newspapers are provided.

News Coverage

Following is a sample listing of articles that discuss reverse mortgages.

Fort Worth Star-Telegram-July 25, 2014
New Rules on Reverse Mortgage Designed to Make Loans Safer for Elderly

The Villager Newspaper
(CO)-July 23, 2014
Boomers Seeking Ways to Fund Longevity

Denver Post-July 19, 2014
Denver a Test Market for Reverse Mortgage Rebranding

The Dallas Morning News-July 16, 2014
Reverse Mortgages Are Becoming a Financial Planning Tool

Tampa Bay Times-June 13, 2014
Reverse Mortgage is a Useful Financial Tool (Op-ed by Peter Bell, President/CEO, NRMLA)

The Palm Beach Post-June 8, 2014
New Reverse Mortgage Rule Aims to Keep Surviving in Home

The Press-Enterprise (Riverside, CA)-May 19, 2014
Forward Thinking Through Reverse Mortgages (Op-ed by Peter Bell, President/CEO, NRMLA)

The Wall Street Journal-March 22, 2014
A Kindler, Gentler Reverse Mortgage

Journal of Financial Planning-March 2014
Retirement Trends, Current Monetary Policy, and the Reverse Mortgage Market

Financial Advisor IQ-March 4, 2014
Look Who's Recommending Reverse Mortgages

Kiplinger's Retirement Report-March 2014
What Heirs Need to Know About Reverse Mortgages

The New York Times-February 13, 2014
Retiring on the House

MarketWatch-December 17, 2013
Expect Reverse Mortgages to Grow in Popularity

MarketWatch-October 9, 2013
New Rules Could Revive Reverse Mortgages

The New York Times-September 6, 2013
Tighter Rules Will Make It Harder to Get a Reverse Mortgage

The Wall Street Journal-August 16, 2013
Reverse Mortgages Can Benefit Retirees, Both Wealthy and Not

Jane Bryant Quinn, Personal Finance Commentator-August 15, 2013
A great reverse mortgage idea: Take a credit line now

The New York Times-July 12, 2013
Rules for Reverse Mortgages May Become More Restrictive

The Mortgage Professor-July 4, 2013
Using a Reverse Mortgage to Avoid Impoverishment

The Miami Herald-April 22, 2013
Aging in Place: A New Frontier in Housing

The Wall Street Journal-February 5, 2013
Reverse Mortgage Redo