The bank has sold off all the securities it acquired as collateral on loans to Live Well Financial, a reverse lender that suddenly ceased operations in May
Reverse mortgages are all the rage the Great White North; could they become the loan product of choice for originators and homeowners in the United States, too?
HomeSafe Select will be initially available to borrowers in California
The company partnered with STRATMOR Group on the initiative
Reverse mortgages are melding into the mainstream
Where a second appraisal is required, lenders must use the lower value of the two appraisals
The HECM tech provider has partnered with DataVerify
The advisory firm says reverse mortgages can offer forward lenders new origination opportunities