Account Login
Unknown browser not supported

i
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

FHA Announces New Protections for Reverse Mortgage Non-Borrowing Spouses

FHA has announced a series of new protections for eligible non-borrowing spouses of Home Equity Conversion Mortgage (HECM) reverse mortgage borrowers, amending the criteria for eligibility and removing a requirement to obtain marketable title.

The post FHA Announces New Protections for Reverse Mortgage Non-Borrowing Spouses appeared first on Reverse Mortgage Daily.


Rising Senior Home Equity and Reverse Mortgage Volume Remain Far Apart

Boston College's Center for Retirement Research takes a closer look at the relationship between rising home equity levels for homeowners age 62+, and the distance between those levels and reverse mortgage volume.

The post Rising Senior Home Equity and Reverse Mortgage Volume Remain Far Apart appeared first on Reverse Mortgage Daily.


With Washington Still Busy, Major Reverse Mortgage Movement Remains Unlikely

A political professional gives the reverse mortgage industry an overview of how the political realities are playing out in Washington, D.C., describing an environment of competing crises and lack of housing appointees as taking up much of the political bandwidth available for other issues.

The post With Washington Still Busy, Major Reverse Mortgage Movement Remains Unlikely appeared first on Reverse Mortgage Daily.


Former Deputy HUD Secretary, Other Former FHA Staffers Launch New Advisory Firm

Former Deputy HUD Secretary Brian D. Montgomery has helped to found a new housing policy consultancy firm with other former government housing staffers, with expertise in matters including financial services, forward and reverse mortgage lending/servicing, community development, and public housing sectors

The post Former Deputy HUD Secretary, Other Former FHA Staffers Launch New Advisory Firm appeared first on Reverse Mortgage Daily.


April 2021 in Data: Analysts See Reverse Mortgage Industry Strength in Current Metrics

April 2021 proved to be a generally strong month for the reverse mortgage business, in spite of a very slight reduction in HECM volume. Still, one analyst cautions against excessive refinances on newly-originated HECMs.

The post April 2021 in Data: Analysts See Reverse Mortgage Industry Strength in Current Metrics appeared first on Reverse Mortgage Daily.


Former CFPB Chief Cordray Lands New Job in Biden Administration

Former Director of the Consumer Financial Protection Bureau (CFPB) Richard Cordray has found a new job in the Biden administration, this time at the Department of Education.

The post Former CFPB Chief Cordray Lands New Job in Biden Administration appeared first on Reverse Mortgage Daily.


FHA Official: Prior Mortgagee Letter Guidance for Reverse Mortgages Could be Consolidated in 2021

Principal Deputy Assistant Secretary (PDAS) for the Office of Housing and the FHA Lopa P. Kolluri detailed that FHA is currently examining ways in which previous reverse mortgage policy guidance could be consolidated into the Single Family Handbook.

The post FHA Official: Prior Mortgagee Letter Guidance for Reverse Mortgages Could be Consolidated in 2021 appeared first on Reverse Mortgage Daily.


USA Today: Some Seniors Left Behind by Increasing Shift to Digital Life

Some seniors are finding a transition to digital services troublesome, exemplified by a story from the state of Colorado in which a preschool teacher has had to add 10 hours to a social worker's week to learn how to properly use a new unemployment system.

The post USA Today: Some Seniors Left Behind by Increasing Shift to Digital Life appeared first on Reverse Mortgage Daily.


Why Reverse Mortgages Could be a Viable Alternative to Shore Up Retirement

When determining how best to make the transition into retirement, sometimes downsizing can be avoided by considering "outside-the-box" alternatives including a reverse mortgage.

The post Why Reverse Mortgages Could be a Viable Alternative to Shore Up Retirement appeared first on Reverse Mortgage Daily.


[Updated] Former Live Well Financial CEO Found Guilty on All Fraud Counts in Trial

Former Live Well Financial CEO Michael Hild has been found guilty on all counts in a trial over an alleged bond fraud scheme taking place in Manhattan, with sentencing to take place at a future date. The story has been updated with statements from the U.S. Department of Justice.

The post [Updated] Former Live Well Financial CEO Found Guilty on All Fraud Counts in Trial appeared first on Reverse Mortgage Daily.