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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

NRMLA President on the Importance of Government Relations in Reverse Mortgages

As the reverse mortgage industry’s foremost advocacy and educational body, the National Reverse Mortgage Lenders Association (NRMLA) often interacts with stakeholders at every level of the business. From loan originators up through company executives, NRMLA’s membership encompasses a vast swath of the industry’s key players, but also has to interact on a regular basis with […]

The post NRMLA President on the Importance of Government Relations in Reverse Mortgages appeared first on Reverse Mortgage Daily.


August’s Slight Reverse Mortgage Volume Drop Led by Wholesale Segment

Home Equity Conversion Mortgage (HECM) endorsements fell by 6% in the month of August 2020, for a total of 4,007 loans according to the latest HECM Originators report from Reverse Market Insight (RMI). The fall comes in the midst of generally heightened reverse mortgage industry activity that has been taking place over the past few […]

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Financial Planner Survey Reveals How Experience, Compliance Affects Reverse Mortgage Recommendations

The Academy for Home Equity in Financial Planning at the University of Illinois Urbana-Champaign (UIUC) recently conducted a survey of financial planners, gauging their thoughts about recommending reverse mortgage products to their clients. The findings of the study were presented by Dr. Craig Lemoine, director of the financial planning program at UIUC and executive director […]

The post Financial Planner Survey Reveals How Experience, Compliance Affects Reverse Mortgage Recommendations appeared first on Reverse Mortgage Daily.


Finance of America CEO Describes Why Going Public is the Right Move

Finance of America Companies, parent to leading reverse mortgage lender Finance of America Reverse (FAR), will be making an initial public offering (IPO) with a valuation of $1.9 billion, upon a merger with a special-purpose acquisition company (SPAC). The public route being taken by Finance of America is because of the company’s investors, while the […]

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How the Pandemic Has Changed Reverse Mortgage Business Priorities, Dynamics

Characterizing the heightened reverse mortgage business activity which is taking place during the pandemic is not universal to every region or professional in the country, but taking a look at measurements of business volume – including Home Equity Conversion Mortgage (HECM) endorsement data and HECM-backed Securities (HMBS) issuance – does indicate that the business has […]

The post How the Pandemic Has Changed Reverse Mortgage Business Priorities, Dynamics appeared first on Reverse Mortgage Daily.


The Street: Financial Advisor Talks Discovering Reverse Mortgage Benefits

Product education is a major focus of reverse mortgage companies, and a major focus of the industry’s educational efforts in recent years has been focused on the financial advisor community. When advisors have an aversion to the product category, it’s the industry’s hope that additional information about reverse mortgages can help them to “come around” […]

The post The Street: Financial Advisor Talks Discovering Reverse Mortgage Benefits appeared first on Reverse Mortgage Daily.


Liberty Parent Touts ‘Very Profitable’ Reverse Mortgage Business as Fortunes Improve

Ocwen Financial Corporation (NYSE: OCN), parent company of top 5 reverse mortgage lender Liberty Reverse Mortgage, announced in an earnings call on Tuesday that it has posted its fourth consecutive quarter of positive adjusted pretax income as it has aggressively sought to return to profitability. In the midst of that announcement, the company also touted […]

The post Liberty Parent Touts ‘Very Profitable’ Reverse Mortgage Business as Fortunes Improve appeared first on Reverse Mortgage Daily.


FHA Extends Relief for Reverse Mortgage Borrowers in Pandemic to End of 2020

The U.S. Department of Housing and Urban Development (HUD) and the Federal Housing Administration (FHA) are extending previous relief provisions which involved instructing servicers of Home Equity Conversion Mortgages (HECMs) to delay due and payable requests on reverse mortgage loans for borrowers that request such relief, since an American at risk of losing his or […]

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AAG Rolls Out New Selleck Ad as Pandemic Fuels Aging in Place Preferences

American Advisors Group (AAG) announced on Monday the rollout of a new television commercial featuring spokesman Tom Selleck, crafted on the heels of a survey the company spearheaded in which respondents shared an overwhelming desire to age in place. The ad, titled “American Dream,” emphasizes the desire that many seniors have to remain in their […]

The post AAG Rolls Out New Selleck Ad as Pandemic Fuels Aging in Place Preferences appeared first on Reverse Mortgage Daily.


Bankrate: Expert Talks Reverse Mortgage Safety, Value of Refinancing

As more seniors continue to try and find new ways to make financial ends meet during the ongoing COVID-19 coronavirus pandemic, some may naturally turn to new types of products or services for them, which can include reverse mortgages. Nevertheless, some seniors still remain apprehensive about the product category, which has spurred online personal finance […]

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