Account Login
Unknown browser not supported

REO News

Presidents Day Round-Up: AAG’s New TV Ad, Hot Reverse Mortgage Markets
In observance of Presidents Day, RMD will not send out a morning newsletter on Monday, February 15, but will return to our normal posting schedule Tuesday the 16th. For all the RMD readers also observing the holiday honoring our nation’s founding fathers (and even those are still making it into the office that day), us […]

Survey: 60% of Americans ‘Have No Need’ for Reverse Mortgages
As the U.S. economy has improved in recent years, the financial marketplace has become more sophisticated, offering Americans a variety of products to support them during retirement. Although reverse mortgages have lately gained considerable attention for being a new and improved retirement planning tool, most Americans say they have no need for them, at least […]

Realtor Weighs Reverse Mortgage Pros, Cons on NBC News
Several prominent financial planners, researchers and academicians have touted the benefits of reverse mortgages in a variety of consumer-facing media outlets, while other professionals such as Realtors have been less outspoken on the product, that is, until a recent NBC News segment this week. In a real estate segment featured on Arizona’s Channel 12 NBC News, […]

Reverse Mortgage Jobs Going Fast—Apply Today!
As we move further into February, demand for reverse mortgage jobs is heating up. It’s only been one week since the last RMD jobs posting and the competition is heating up as reverse mortgage applicants continue snatching up available positions.  In this week’s listing, companies such as Nationwide Equities Corp., The Moneyhouse, Inc. and Longbridge Financial, […]

ReverseVision Conference Nets Sales Interest, New Approach
The success of an inaugural conference hosted by reverse mortgage origination platform ReverseVision will encourage the company to host a second conference next year.  With about 160 attendees gathering for the conference in San Diego in late January, ReverseVision says it was encouraged by the interest among participants for new sales tools and approaches, some […]

TIME: Reverse Mortgages Are Big Assets Hiding in Plain Sight
Home equity is often considered one of the biggest assets retirees have, but many people are not taking advantage of this critical source of wealth hiding in plain sight under their roofs. For some retirees, a reverse mortgage may be worth considering in retirement, according to a recent TIME Magazine article. The topic of reverse […]

CFPB Addresses TRID Typo on Property Costs
While the broader mortgage industry has grappled with adjusting to the Consumer Financial Protection Bureau’s (CFPB) infamous TRID regulations for the past four months, it turns out the new rules had a typo all along regarding property-related costs. In a notice published in the Federal Register this month, the CFPB addressed a “typographical error” within […]

HUD Budget Shows Continued Promise for Reverse Mortgage Program
The Department of Housing and Urban Development’s (HUD) annual budget proposal for fiscal year 2017, released Tuesday by the Obama Administration, shows continued promise in the agency’s reverse mortgage book of business. The eighth and final budget issued by President Obama, the FY 2017 Budget proposes a $4.1 trillion spending plan over the course of the […]