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Reverse Mortgage Solutions, Inc. (RMS) and REO Management Solutions, LLC were recently acquired by Mortgage Assets Management, LLC (MAM) as part of a stock and asset purchase transaction entered into with Ditech Holding Corporation. MAM is a mortgage portfolio investment company headquartered in Washington, DC.

REO News

As LIBOR Sunset Nears, Reverse Mortgage Industry Prepares for What’s Next

The reverse mortgage industry, in consultation with federal agencies and industry stakeholders, is taking active steps to prepare for the sunset of the London Interbank Offered Rate (LIBOR) index, which is scheduled to end in 2021. Work between capital markets experts, the Department of Housing and Urban Development (HUD), the Government National Mortgage Association (GNMA, […]

The post As LIBOR Sunset Nears, Reverse Mortgage Industry Prepares for What’s Next appeared first on Reverse Mortgage Daily.


Forbes: Home Equity Can Help Solve the Retirement Crisis

As the United States continues to endure a retirement crisis that has only been exacerbated by the COVID-19 coronavirus pandemic, the home is an asset with continuously understated potential to assist with cash flow for retirees. This is especially true considering that the home is likely to be the largest asset that the majority of […]

The post Forbes: Home Equity Can Help Solve the Retirement Crisis appeared first on Reverse Mortgage Daily.


Alternative Equity Tapping Company Takes Aim at Reverse Mortgage Demographic

Newport Beach, Calif.-based alternative equity tapping company QuantmRE has launched a $1.07 million financing campaign through a crowd-funding platform, and has taken aim at a demographic of potential customers that normally interact with the reverse mortgage product category. This is based on an interview with QuantmRE CEO Matthew Sullivan conducted by RMD. Part of the […]

The post Alternative Equity Tapping Company Takes Aim at Reverse Mortgage Demographic appeared first on Reverse Mortgage Daily.


Washington Post: Reverse Mortgage a Possible Option for ‘Underwater’ Homeowner

For a senior struggling with their home due to their mortgage being “underwater” — defined as the mortgage balance on a home exceeding its fair market value — a reverse mortgage could present a potentially viable option to unlock a home’s equity compared with other available options. This is according to reporters Ilyce Glink and […]

The post Washington Post: Reverse Mortgage a Possible Option for ‘Underwater’ Homeowner appeared first on Reverse Mortgage Daily.


Tech Brings Forward and Reverse Mortgages Closer Together, Expanding Opportunity

As the COVID-19 pandemic has necessitated the reverse mortgage industry to more quickly embrace new kinds of technologies in order to continue efficiently keeping the business moving, the additional benefit that comes with that transition is that operational processes are being brought more closely in-line with the way the traditional, forward mortgage space operates. This […]

The post Tech Brings Forward and Reverse Mortgages Closer Together, Expanding Opportunity appeared first on Reverse Mortgage Daily.


BBB: Reverse Mortgages Must Be a ‘Family Decision’

Consumers need to fully understand all of the associated costs, terms and conditions prior to applying for a reverse mortgage transaction, and that the ultimate decision made by a senior homeowner at or over the age of 62 should be in consultation with a prospective borrower’s family or other trusted advisors. This is the perspective […]

The post BBB: Reverse Mortgages Must Be a ‘Family Decision’ appeared first on Reverse Mortgage Daily.


How the Pandemic is Leading More Financial Planners to Reverse Mortgages

While the relationship between financial planner professionals and the reverse mortgage industry is evolving in a positive direction, there are still a number of things that the reverse industry can and should observe when aiming to facilitate connections with those planners as potential referral partners. This is according to a trio of financial experts discussing […]

The post How the Pandemic is Leading More Financial Planners to Reverse Mortgages appeared first on Reverse Mortgage Daily.


CFPB Director: More Enforcement is Coming in 2020

Consumer Financial Protection Bureau (CFPB) Director Kathleen Kraninger indicated to lawmakers at a Senate Banking Committee hearing last week that enforcement actions in 2020 are expected to increase from their current levels by the end of the fiscal year, according to testimony provided by the director herself. Sitting as the primary witness in a hearing […]

The post CFPB Director: More Enforcement is Coming in 2020 appeared first on Reverse Mortgage Daily.


HighTechLending President Talks Reverse Mortgage Opportunities in Pandemic’s Midst

While the reverse mortgage industry has managed to weather the economic shock of the COVID-19 coronavirus pandemic reasonably well in the broader financial situation we’re now living in, some lenders are also still managing to grow. Taking a strategic approach to the ways in which economic shock can be endured or even avoided is something […]

The post HighTechLending President Talks Reverse Mortgage Opportunities in Pandemic’s Midst appeared first on Reverse Mortgage Daily.


House Reverse Mortgage Legislators Out After Primary Election Results

Two members of the United States House of Representatives who were each spearheading the creation of new reverse mortgage-centric legislation will not be returning to Capitol Hill in 2021, throwing the future of the proposed laws they each spearheaded into flux. This is based on the results of Tuesday night’s primary elections in the states […]

The post House Reverse Mortgage Legislators Out After Primary Election Results appeared first on Reverse Mortgage Daily.