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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

4 Reverse Mortgage Lenders to Look Out For in 2021

These four reverse mortgage lenders have been making moves and trying interesting things over the past several months, so don't take your eyes off of them.

The post 4 Reverse Mortgage Lenders to Look Out For in 2021 appeared first on Reverse Mortgage Daily.


Former FHA Commissioner Moves to Private Sector After Leaving Office

Former FHA Commissioner Dana Wade, who left office on January 20, has become Chief Production Officer for FHA-backed originations at Walker & Dunlop.

The post Former FHA Commissioner Moves to Private Sector After Leaving Office appeared first on Reverse Mortgage Daily.


HUD Publishes in Federal Register Regarding Reverse Mortgage Index Shift, NRMLA Comments

After HUD’s publication of a notice in the Federal Register regarding a Model HECM Adjustable Rate Note revision, the reverse mortgage trade association has offered perspective on how best to make a major industry transition.

The post HUD Publishes in Federal Register Regarding Reverse Mortgage Index Shift, NRMLA Comments appeared first on Reverse Mortgage Daily.


FCC Publishes CFPB Webinar Detailing Pandemic Scams Targeting Seniors

Reverse mortgage originators may find it useful to brush up on the latest financial scams targeting the industry's core demographic during the pandemic, as offered by the FCC, CFPB and HHS.

The post FCC Publishes CFPB Webinar Detailing Pandemic Scams Targeting Seniors appeared first on Reverse Mortgage Daily.


Reverse Mortgage Originators Report on 2021’s Business Highs and Lows

Reverse mortgage loan originators in different parts of the country report that while business is rising in some areas, others are not benefitting due to the effects of the pandemic when combined with new regulations.

The post Reverse Mortgage Originators Report on 2021’s Business Highs and Lows appeared first on Reverse Mortgage Daily.


How to Keep a Home in Retirement: Reverse Mortgages and Other Options

In a piece at Morningstar, a finance columnist describes how financial instruments, including a reverse mortgage, can help a retiree keep their home.

The post How to Keep a Home in Retirement: Reverse Mortgages and Other Options appeared first on Reverse Mortgage Daily.


How the American Rescue Plan Could Affect Reverse Mortgage Borrowers

The American Rescue Plan Act of 2021 doesn't have reverse mortgage-specific provisions, but a $10 billion Homeowners Assistance Fund could be used by HECM borrowers for help during the pandemic.

The post How the American Rescue Plan Could Affect Reverse Mortgage Borrowers appeared first on Reverse Mortgage Daily.


The Street: Home Equity Access Can Ease ‘Threats’ to Retirement

Home equity can help provide a path to a more secure retirement in light of increasing senior home equity, and rising retirement instability according to a new column at The Street.

The post The Street: Home Equity Access Can Ease ‘Threats’ to Retirement appeared first on Reverse Mortgage Daily.


Exclusive: Former HUD Deputy Secretary on Reverse Mortgage Talk With Trump, Crafting COVID-19 Response

In part 2 of our exclusive interview, Former Deputy HUD Secretary Brian Montgomery shares insight into HUD's COVID-19 response, and whether reverse mortgages came up in conversation with President Donald Trump.

The post Exclusive: Former HUD Deputy Secretary on Reverse Mortgage Talk With Trump, Crafting COVID-19 Response appeared first on Reverse Mortgage Daily.


New ‘Superman’ TV Show Gives Clark Kent’s Mom a Reverse Mortgage

In a new TV series, the iconic hero Superman moves back to the town he grew up in, and finds that his adoptive mother has taken out a reverse mortgage.

The post New ‘Superman’ TV Show Gives Clark Kent’s Mom a Reverse Mortgage appeared first on Reverse Mortgage Daily.