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REO News

Reverse Mortgage Volume Trending in the ‘Right Direction’
The Financial Assessment dragged down reverse mortgage volume following its implementation in late April, but now it appears the industry is headed in the “right direction” as applications are starting to bounce back, according to recent real-time loan data. After a strong April through June, closed loan volume was “expectedly down” in July and August—basically, […]

AARP’s New $40 Million Investment Fund Targets Aging in Place Innovation
AARP and J.P. Morgan Asset Management on Thursday announced the formation of a new $40 million investment fund that will provide capital to companies focused on improving the lives of people age 50-plus, with a primary focus on helping seniors age in place. The AARP Innovation Fund will make direct investments in early- to late-stage […]

Friday Round-Up: What’s Stopping Reverse Mortgage Use?
In case you missed it, here’s what happened in reverse mortgage news this week: Q&A: What’s Stopping Seniors from Using Reverse Mortgages?—Knowledge of reverse mortgages is strongly related to demand of the Home Equity Conversion Mortgage (HECM) product, and that knowledge is “fairly low,” according to a report titled “Reverse Mortgages: What Homeowners (Don’t) Know and […]

AAG Spotlights Using a Reverse Mortgage Line of Credit in New TV Ad
The line of credit feature on a reverse mortgage can be a valuable retirement asset to help retirees fund longevity, and that’s the angle American Advisors Group (AAG) has taken in its newest TV spot featuring company spokesman Fred Thompson. Titled “Line of Credit,” the 120-second commercial is airing now and is also the first of […]

Startup Puts Crowfunding Spin on Tapping Home Equity
A startup company is looking to bypass securities laws by offering a new spin on real estate crowdfunding that aims to provide an alternative to reverse mortgages and home equity lines of credit (HELOCs). Homeowners who want to tap into their home equity have a variety of options in which to do so, including reverse […]

October Kicks-Off with Strong Reverse Mortgage Job Demand—Apply Today
October marks the start of the fourth quarter and as we enter the final stretch for 2015, reverse mortgage job opportunities show little signs of  slowing down. Reverse Mortgage Funding, Urban Financial of America, Nationwide Equities and Hunting Beach Capital Partners are just a few lenders seeking qualified reverse mortgage professionals to sill a variety […]

House Committee Passes Bills to Shake-Up CFPB
Several bipartisan bills that would increase federal oversight and change the leadership structure of the Consumer Financial Protection Bureau (CFPB) passed through the House Financial Services Committee this week. Included within the legislation was H.R. 1266, a bill introduced by Rep. Randy Neugebauer (R-TX) in March that wants to create a bipartisan five-person committee to […]

How the Reverse Mortgage Industry is Attracting Banks to the Market
Changes to the Home Equity Conversion Mortgage (HECM) program over the last couple of years are making reverse mortgages more attractive to outside banks and credit unions interested in growing their umbrella of products and services. And some industry members are taking on certain strategies to bring these institutions into the reverse space. In an […]