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Advantages for Proprietary Reverse Mortgages on Condos
Blog 15 hours ago
Advantages for Proprietary Reverse Mortgages on Condos

While recent changes to rules governing condominium complex approvals by the Federal Housing Administration (FHA) will likely help the reverse...

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CFPB Exam Points to Inaccurate Reverse Mortgage APRs
Blog 1 day ago
CFPB Exam Points to Inaccurate Reverse Mortgage APRs

The Consumer Financial Protection Bureau (CFPB) released the 19th edition of its Supervisory Highlights last week, which includes examinations of...

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Private Reverse Mortgages No Longer Limited to Jumbo Values
Blog 6 days ago
Private Reverse Mortgages No Longer Limited to Jumbo Values

Borrowers of proprietary reverse mortgages are increasingly becoming more closely aligned with the typical profile of a Home Equity Conversion...

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July Reverse Mortgage Endorsement Rise Led by Retail Segment
Blog 6 days ago
July Reverse Mortgage Endorsement Rise Led by Retail Segment

Home Equity Conversion Mortgage (HECM) endorsements rose by 8.2% in the month of July, for a total of 2,753 loans according to the latest data from...

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Retirement Expert: Proprietary Products Key to Greater Reverse Mortgage Acceptance
Blog 1 week ago
Retirement Expert: Proprietary Products Key to Greater Reverse Mortgage Acceptance

The reverse mortgage industry continues to face headwinds in terms of widespread acceptance among financial planning professionals, but the growing...

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Counselors Prepare as More Borrowers Seek Private Reverse Mortgages
Blog 2 weeks ago
Counselors Prepare as More Borrowers Seek Private Reverse Mortgages

Counseling for prospective reverse mortgage borrowers is not only required, but it’s also a critical component of understanding how a new reverse...

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Ditech Denied ‘Free and Clear’ Sale of RMS in Bankruptcy Court
Blog 3 weeks ago
Ditech Denied ‘Free and Clear’ Sale of RMS in Bankruptcy Court

The ongoing sale process of Reverse Mortgage Solutions (RMS) may be at risk after a federal judge has denied its parent company's proposed...

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AAG Launches First Jumbo TV Ad Led by Tom Selleck
Blog 4 weeks ago
AAG Launches First Jumbo TV Ad Led by Tom Selleck

On the heels of its last advertising production featuring a new direction in messaging with spokesman Tom Selleck, American Advisors Group (AAG) on...

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June Reverse Mortgage Endorsement Drop Led by Retail Segment
Blog 4 weeks ago
June Reverse Mortgage Endorsement Drop Led by Retail Segment

Home Equity Conversion Mortgage (HECM) endorsements fell by 5.6% in the month of June, hitting a threshold of 2,544 loans according to the latest...

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Lower Interest Rates Quelling Effects of Oct. 2017 Reverse Mortgage Changes
Blog 1 month ago
Lower Interest Rates Quelling Effects of Oct. 2017 Reverse Mortgage Changes

The current reverse mortgage rate environment may not completely eliminate the impact of October 2017’s notorious changes to principal limit...

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HUD Issues Mortgagee Letter for Guidance on Condo Approvals
Blog 1 month ago
HUD Issues Mortgagee Letter for Guidance on Condo Approvals

The Department of Housing and Urban Development (HUD) issued a new Mortgagee Letter (ML) late Wednesday offering procedures that mortgagees must...

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RMD Report: Reverse Mortgage Industry Sees Big Potential in New Condo Rule
Blog 1 month ago
RMD Report: Reverse Mortgage Industry Sees Big Potential in New Condo Rule

The Department of Housing and Urban Development (HUD) last week announced a new process for condominium approvals, effective October 15, which will...

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Tips for Helping Financially, Emotionally Distressed Reverse Mortgage Borrowers
Blog 1 month ago
Tips for Helping Financially, Emotionally Distressed Reverse Mortgage Borrowers

One of the advantages of a reverse mortgage product is the versatility with which it can be employed by a borrower. While the product can often be...

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The Inverted Yield Curve’s Potential Effects on Reverse Mortgages
Blog 1 month ago
The Inverted Yield Curve’s Potential Effects on Reverse Mortgages

The U.S. stock market fell sharply on Wednesday in response to an “inverted yield curve.” Historically, economists have seen this as a telltale...

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[Webinar] Expanding Reverse Mortgage Market Opportunities with Proprietary Products
Blog 1 month ago
[Webinar] Expanding Reverse Mortgage Market Opportunities with Proprietary Products

As more and more borrowers pursue proprietary reverse mortgages in addition to traditional Home Equity Conversion Mortgages, originators need to be...

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Bloomberg: Home Equity Tapping Company Figure to Hit $1 Billion Valuation
Blog 1 month ago
Bloomberg: Home Equity Tapping Company Figure to Hit $1 Billion Valuation

Figure Technologies, providers of alternative home equity tapping tools including a sale leaseback offering that is competitive with traditional...

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FHA Eases Condo Rules, Expanding Reverse Mortgage Market
Blog 1 month ago
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...

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Mutual of Omaha Bank Acquired By CIT, Synergy One Remaining Behind
Blog 1 month ago
Mutual of Omaha Bank Acquired By CIT, Synergy One Remaining Behind

Nebraska-based Mutual of Omaha Bank has announced it will be acquired by Pasadena, Calif.-based CIT Bank in a deal valued at $1 billion, but the...

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Tips for Amplifying Reverse Mortgage Advantages to Forward Participants
Blog 1 month ago
Tips for Amplifying Reverse Mortgage Advantages to Forward Participants

It’s a well-known norm in the reverse mortgage industry that product education is key to expanding the understanding of reverse mortgage products,...

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Reverse Mortgage Key to Plot of New Comedy Film
Blog 1 month ago
Reverse Mortgage Key to Plot of New Comedy Film

A new, independent comedy film released this month has an unexpected detail folded into its plot that serves as the jumping-off point for the story...

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Hurdles Mount for Ditech’s Attempted RMS Sale
Blog 1 month ago
Hurdles Mount for Ditech’s Attempted RMS Sale

In the midst of ongoing attempts to sell its servicing platforms, Reverse Mortgage Solutions' parent company is facing new legal hurdles. At a...

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Financial Advisor: Reverse Mortgages are ‘Overhyped’
Blog 1 month ago
Financial Advisor: Reverse Mortgages are ‘Overhyped’

Reverse mortgages are an "overhyped" financial tool, and can sometimes lead to an either unintended or even detrimental impact on a client's...

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Oregon Governor Signs Reverse Mortgage Property Tax Deferral Law
Blog 1 month ago
Oregon Governor Signs Reverse Mortgage Property Tax Deferral Law

While issues surrounding property tax deferral programs for reverse mortgage borrowers in the state of Oregon have persisted for years, the signing...

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The RMD Podcast #4: Gary M. Singer, Real Estate Attorney
Blog 1 month ago
The RMD Podcast #4: Gary M. Singer, Real Estate Attorney

In the fourth episode of The RMD Podcast, we speak to a board-certified real estate attorney about the importance of referral partnerships. Gary M....

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What the Fed’s Interest Rate Cut Means for Reverse Mortgages
Blog 1 month ago
What the Fed’s Interest Rate Cut Means for Reverse Mortgages

The Federal Reserve announced on Wednesday that for the first time since the 2008 financial crisis, it will cut interest rates in order to try and...

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Ditech Sale Timing Uncertain Pending RMS Woes
Blog 1 month ago
Ditech Sale Timing Uncertain Pending RMS Woes

On the heels of issues related to Ditech Holding Corporation's planned sale of Reverse Mortgage Solutions (RMS), real estate investment company New...

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Study Names the 5 Best Big and Small Cities for Seniors
Blog 1 month ago
Study Names the 5 Best Big and Small Cities for Seniors

A new study from Apartment Guide has determined the five best big and small cities, respectively, for seniors against a number of different...

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HUD Resolves HECM Setup Issues on Low Expected Rate Loans
Blog 2 months ago
HUD Resolves HECM Setup Issues on Low Expected Rate Loans

The Department of Housing and Urban Development (HUD) announced last week that Home Equity Conversion Mortgage (HECM) loans with expected rates of...

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Back on Reverse Mortgage Landscape, Bank of America Objects to RMS Sale
Blog 2 months ago
Back on Reverse Mortgage Landscape, Bank of America Objects to RMS Sale

Long after leaving the reverse mortgage business, Bank of America is back on the landscape — now with an objection to Reverse Mortgage Solutions’...

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Non-Borrowing Spouse Scenario Sheds Light on Reverse Mortgage Misunderstandings
Blog 2 months ago
Non-Borrowing Spouse Scenario Sheds Light on Reverse Mortgage Misunderstandings

Multiple high-profile news articles that have appeared in different media outlets this year have highlighted the continued difficulties faced by...

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