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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

After Executive Shake-up in New York, Reverse Mortgage Legislation Remains in Limbo
A bill passed in June that would allow New York seniors to get reverse mortgages on co-ops has been stalled, apparently due to recent turnover in the office of the state's governor.

Forbes: Listing the Best States to Save for Retirement
These are the five best states in which to save for retirement, according to a tabulation by Forbes Advisor.

DOJ Seeks to Nullify Reverse Mortgage Lender Defenses in Lawsuit
The U.S. government is seeking to nullify a series of defenses made by a reverse mortgage lender in a lawsuit stemming from loans originated between 2008 and 2010.

AARP Examines Senior Financial ‘Pain Points’ in Data Which Includes Reverse Mortgages
According to CFPB data analyzed by AARP, reverse mortgages are far down the list when looking at the sources of financial "pain points" for seniors.

Canadian Reverse Mortgage Industry Leader to be Acquired by Teachers’ Pension Organization
The leading reverse mortgage lender in Canada will be acquired by a province's pension plan board for teachers, which is described as a leading institutional investor.

New Reverse Mortgage Company Aims to Modernize Product North of the Border
A new reverse mortgage company aims to modernize the product offering for borrowers north of the border, and the founder of the organization tells RMD how he aims to accomplish that.

Senate to Advance Biden’s CFPB Pick After Months of Delays
The Senate is poised to advance the nomination of Rohit Chopra as director of the Consumer Financial Protection Bureau (CFPB) after being held up since President Biden's inauguration in January.

Reverse Mortgage Pros Share More Thoughts on Recent Appraisal Challenges
More perspectives about appraisal challenges are shared with RMD by reverse mortgage professionals, including regional appraisal issues regarding second appraisals.

CNBC: Long-term Care Needs Vary ‘Wildly’ Among Retirees, Reverse Mortgage One Possible Solution
The long-term care (LTC) needs of American retirees can vary wildly, and the cost has only accentuated the need to adequately finance either direct care or LTC insurance.

Leading Reverse Mortgage Counseling Agency: New Funds from HUD Will Help Increase Capacity
A counseling professional describes how important new funding from HUD will be in increasing capacity, and allowing reverse mortgage borrower more options to avoid default.