Security One Lending Acquires OMNI Reverse
Late Friday afternoon Security One Lending acquired OMNI Reverse in a stock transaction which makes it the 9th largest reverse mortgage lender according to HUD’s endorsement reports.
The combination of the two organizations will bring together leading origination forces, mortgage banking expertise and marketing/fulfillment systems into one company. The mortgage banking operation, which is based [...]
HUD Estimates $30 Billion in Reverse Mortgages For FY 2010
When the Department of Housing and Urban Development unveiled its 2010 budget request last month, it included a request for 8 million credit subsidy for the FHA’s reverse mortgage program. It’s the first time HUD has requested a subsidy for the program and left many questioning if the HECM needs to change in order ensure [...]
Last Chance, Sign Up For Free Reverse Mortgage Training
reverse mortgage Daily and Monte Rose are pleased to present another free training session where Monte will show you a Formula for reverse mortgage Success on Wed July 1st at 12pm (EST). Whether you lead a sales organization or are a loan officer, the formula can be applied effectively.
Additionally, he will “pull back the [...]
Sponsored Reverse Mortgage Podcast: Regulators, GAO Studies, and More
Reverse Fortunes Weekly Podcast: Episode #57
Regulator’s comments stir controversy in reverse industry
New Podcast on Reverse Fortunes Weekly. Keep up to date on industry news and trends along with training and interviews in this exciting weekly podcast.
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Regulator’s comments cause concern [...]
Lewis Fights Back Against Regulators Comments About Reverse Mortgages
The media continues to dwell on the speech given by Comptroller of the Currency’s John Dugan at the ABA’s Regulatory Compliance Conference and Generation Mortgage’s Jeff Lewis continues to fight back.
I think it’s fair to say that Lewis has become the media’s go to guy for reverse mortgage commentary and over the past few [...]
NGFS Adds Regional Managers, Continues Reverse Mortgage Expansion
Next Generation Financial Services, a Division of 1st Mariner Bank announced that JoAnna Bignell and Peter Klamkin have been added as regional managers. The new hires will help NGFS expand its originator base which it hopes to bring to 100 by the end of 2009.
“We have expanded our recruiting to include experienced reverse mortgage [...]
New Reverse Mortgage Companies Looking To Expand
Here are a few of the new jobs posted to reverse mortgage Jobs Online:
Team Leaders Wanted (California) American Advisors Group
reverse mortgage Originator (Nationwide) Allied Mortgage dba Reverse Ultra
reverse mortgage Originators (California) The Senior Equity Group, Inc.
Vice President of Sales (reverse mortgage) (California) Paramount Equity Mortgage
It only costs you a day to reach the [...]
Puerto Rico Means Business: Interview With Money House President David Levis
While states like California and Florida get most of the attention in the reverse mortgage industry, there is lots of buzz about Puerto Rico being the next big hotspot for reverse mortgages. After a bit of research it became obvious that the business in Puerto Rico is dominated by one company, Money House.
Money House has [...]
MetLife Reports on Changing Role of Reverse Mortgages in Retirement
As older homeowners struggle to find new sources of retirement income, growing numbers are starting to tap their housing wealth by using home-equity loans or reverse mortgages. A new report from MetLife Mature Market Institute calls for a more comprehensive approach to ensure that this asset is used appropriately and effectively to deal with [...]
Reverse Review – June 2009 Edition
The June 2009 issue of the Reverse Review is now available online. This month, Sarah Hulbert focuses on the necessity of all industry participants to educate and dispel myths of the reverse mortgage product by understanding clients’ core needs and values and ensuring that these are consistent with yours. As a mortgage rep, your [...]