Account Login
Unknown browser not supported

REO News

Friday Round-Up: Asking HUD to Update H4P, Best Rate’s New Site
Welcome to the first “official” weekend of summer, and with the long July 4 holiday coming up on the horizon and a potential watershed moment for our nation’s health care system fast approaching, here’s a quick look at the reverse mortgage headlines you may have missed from the week that was. NRMLA Asks HUD to […]

RMD Jobs: Reverse Mortgage Firms Hiring Around the Country
No matter where you live — or where you’re looking to relocate — RMD Jobs probably has an open position in your region. A new reverse mortgage processing job in Plymouth, Mich. rounds out the list of available positions from Texas to New York to California on our sister website, RMDJobs.com. And as always, don’t forget […]

Reverse Mortgage Appraisal Leader Launches Construction Division
Looking for a way to capitalize on demand for new-construction appraisals — for both reverse and forward loans — a major player in the industry created a dedicated position to manage transactions with builders and real estate agents. Landmark Network, Inc. recently announced the promotion of Tina Heilbron to manager of purchase and new construction, […]

HECM Payoffs Reach New Record with $1 Billion in May
For the first time ever, Home Equity Conversion Mortgage-backed securities saw prepayments of more than $1 billion in a single month, wiping out an overall strong May for HMBS issuance. HMBS issuers rolled out $768 million in loan pools last month, according to data from New View Advisors, with $543 million of that coming from […]

In New AAG Spot, Selleck Asks: ‘Why Not’ Use Home Equity?
American Advisors Group this week debuted its latest television commercial starring actor Tom Selleck, who this time asks older Americans why they aren’t using the equity built up in their homes. Set in the same finely appointed loft apartment as a previous Selleck-centric spot, the new ad finds the “Blue Bloods” star telling seniors that […]

Annuities ‘Safer’ Than Reverse Mortgages, Economist Claims
Claiming that high origination fees and complicated terms make reverse mortgages too risky for most older borrowers, a prominent economist suggested in a recent newspaper column that homeowners who need to tap into home equity use an annuity-based strategy instead. The Department of Housing and Urban Development is hiding a better option than the reverse […]

Moody’s Downgrades Ocwen Amid Regulatory Issues
Citing the beleaguered mortgage servicer’s regulatory troubles, Moody’s has downgraded the outlook for Ocwen Financial Corporation (NYSE: OCN) to negative. It’s the latest bit of bad news for the West Palm Beach, Fla.-based firm, which originates and services reverse mortgages through its Liberty Home Equity Solutions subsidiary: After receiving cease-and-desist orders from 21 states in […]

Finding a Reverse Mortgage Use for Every Income Bracket
While reverse mortgages have long been seen as a product of last resort, professionals in the industry know that opinion is changing — and now a new blog post shows the different ways that people can use Home Equity Conversion Mortgages no matter their financial situation. Over at Tools for Retirement Planning, personal finance blogger […]