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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

President Trump to Nominate Dana Wade as Federal Housing Commissioner

President Trump today announced that he intends to nominate Dana Wade as Assistant Secretary for Housing, Federal Housing Commissioner. Brian Montgomery, who currently holds the position, is awaiting Senate confirmation for a role as deputy secretary of the Department of Housing and Urban Development, after his nomination was recently confirmed by the Senate Banking Committee. […]

The post President Trump to Nominate Dana Wade as Federal Housing Commissioner appeared first on Reverse Mortgage Daily.


Presidential Hopefuls Bloomberg and Warren on Reverse Mortgages

The 2020 presidential election is still over 8 months away, but the election has heated up now that voters have begun caucusing in the Democratic primary election. As most political observers know, reverse mortgages in general and the Home Equity Conversion Mortgage program specifically don’t often come up as hot button topics of political conversation, […]

The post Presidential Hopefuls Bloomberg and Warren on Reverse Mortgages appeared first on Reverse Mortgage Daily.


Nasdaq.com: Reverse Mortgages are ‘Overhyped’

There are four “overhyped” investment strategies that retirees should avoid when trying to determine how to make ends meet in retirement, and among equity-indexed annuities, non-traded real estate investment trusts (REITs) and cash-value life insurance, reverse mortgages should be considered among the last options. This is according to Liz Weston, a certified financial planner and […]

The post Nasdaq.com: Reverse Mortgages are ‘Overhyped’ appeared first on Reverse Mortgage Daily.


Nationwide Equities Launches New ‘EquityPower’ Proprietary Reverse Mortgage

On the heels of a flurry of new private reverse mortgage product development, top-20 lender Nationwide Equities Corporation announced this week the introduction of its own private reverse mortgage, “EquityPower.” The fixed-rate, lump-sum product allows borrowers to access greater proceeds than the traditional Home Equity Conversion Mortgage (HECM) allows. Nationwide’s leadership sees the product’s launch […]

The post Nationwide Equities Launches New ‘EquityPower’ Proprietary Reverse Mortgage appeared first on Reverse Mortgage Daily.


National Notary Association: Reverse Mortgages ‘Good For Business’

While often overlooked by the notary business sector, the reverse mortgage industry can be a very positive resource for someone building a mobile notary business particularly for notaries who may reside in a part of the United States with a high population of seniors. This is according to columnist Carol Ray, the owner of a […]

The post National Notary Association: Reverse Mortgages ‘Good For Business’ appeared first on Reverse Mortgage Daily.


Quicken Halts One Reverse Mortgage Operations, Shifts Focus to Rocket Mortgage

Top-10 reverse mortgage lender One Reverse Mortgage is “pausing” its operations, under the direction of its parent company Quicken Loans. The San Diego-based One Reverse reportedly informed its employees Monday that their jobs will be transitioned to roles within Quicken Loans in order to refocus their operations on conventional lending. One Reverse will complete its […]

The post Quicken Halts One Reverse Mortgage Operations, Shifts Focus to Rocket Mortgage appeared first on Reverse Mortgage Daily.


Motley Fool: Reverse Mortgage a ‘Proven’ Way to Boost Retirement Income

Maintaining enough income in retirement is an ongoing issue for many American seniors, and finding effective methods to maintain or bolster senior finances becomes a major concern. One such proven way to boost retirement income is by employing a reverse mortgage, particularly since it requires no monthly payments. This is according to financial columnist Selena […]

The post Motley Fool: Reverse Mortgage a ‘Proven’ Way to Boost Retirement Income appeared first on Reverse Mortgage Daily.


Some Positive Reverse Mortgage Industry Effects of Oct. 2017 Changes

When the Federal Housing Administration (FHA) handed down changes to principal limit factors (PLFs) in October of 2017, by all accounts that changed proved nearly disastrous for the reverse mortgage industry. Endorsement volume for Home Equity Conversion Mortgages (HECMs) seriously declined, originators related stories of increased difficulty in finding qualified borrowers, and many still refer […]

The post Some Positive Reverse Mortgage Industry Effects of Oct. 2017 Changes appeared first on Reverse Mortgage Daily.


Viewing Reverse Mortgages as ‘Last Resorts’ Could Thwart Successful Retirement

There are three major misconceptions that can lead to someone having an unsuccessful retirement, defined here as having no assets when someone passes away. One such misconception is that a reverse mortgage loan is a “last resort” option, since such loans can be a major factor when used as a component of a larger retirement […]

The post Viewing Reverse Mortgages as ‘Last Resorts’ Could Thwart Successful Retirement appeared first on Reverse Mortgage Daily.


How Technology Can Normalize and Expand the Reverse Mortgage Industry

At a time when reverse mortgage lenders are finding themselves with a broad, more robust product landscape, finding new ways to connect with borrowers and simplify the reverse mortgage process becomes increasingly important. With additional product options comes new ways for technology to play a part in multiple levels of the business, and reverse mortgage […]

The post How Technology Can Normalize and Expand the Reverse Mortgage Industry appeared first on Reverse Mortgage Daily.