Reverse

HomeReverse

Senior home equity nears $8 trillion in Q3 2020 by Candyd Mendoza
Increase in seniors' mortgage debt offset by gain in home value
Reverse mortgage leader to spearhead Baseline Analytics by Candyd Mendoza
SitusAMC recently acquired Baseline in October last year

HighTechLending appoints national director for wholesale reverse by Francis Monfort
Industry vet Adrian Prieto assumes the role as the company plans to expand its reverse footprint
1st Reverse Mortgage taps HECM veteran by Anna Sobrevinas
The 20-year vet will head the company’s national homebuilder and developer sales team
Reverse mortgage servicer, once owned by Treasury head, to pay $89 million penalty by Ryan Smith
The reverse mortgage servicing unit of OneWest, a bank founded by Treasury Secretary Steve Mnuchin, has settled a Justice Department probe into its practices during Mnuchin’s tenure there

New processing service to simplify reverse mortgage originations by Anna Sobrevinas
Third-party originators will help make brokers’ jobs easier through Reverse Mortgage Funding’s new processing service
Illinois HUD announces reverse mortgage assistance program by Anna Sobrevinas
Qualified borrowers must have an FHA Reverse Mortgage on an Illinois property and must have “experienced a qualifying hardship”
AAG partners with United Real Estate by Ryan Smith
The partnership will expand United's presence in the HECM for Purchase space