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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

How Automating Processes Can Streamline Reverse Mortgages

One reverse mortgage leader describes why the automation of certain customer relationship processes has helped streamline the experiences of clients and loan officers alike.

The post How Automating Processes Can Streamline Reverse Mortgages appeared first on Reverse Mortgage Daily.


AMC Class Valuation Acquired by Investment Firm

National AMC Class Valuation has been acquired by a Connecticut-based investment firm, and says it will use the firm's investment experience to remain at the forefront of home valuation including for reverse mortgages.

The post AMC Class Valuation Acquired by Investment Firm appeared first on Reverse Mortgage Daily.


How the Reverse Mortgage Industry is Forging Stronger Bonds with Financial Planners

The reverse mortgage industry has made several recent efforts to appeal to the financial planner community, and RMD updates the industry on those from FAR, Fairway, CrossCountry Mortgage and the Academy for Home Equity in Financial Planning.

The post How the Reverse Mortgage Industry is Forging Stronger Bonds with Financial Planners appeared first on Reverse Mortgage Daily.


Bankrate: What Seniors Should Know About Mortgages in Retirement

Seniors who are considering mortgage options may want to know a few things ahead of time, according to Bankrate. For RMD's audience, some may find it surprising that people in their 90s are getting new, forward mortgages.

The post Bankrate: What Seniors Should Know About Mortgages in Retirement appeared first on Reverse Mortgage Daily.


FAR Parent Goes Public, Lender Comments on Publicly-Traded Status

As FAR's parent company begins its trading week on Wall Street, the reverse mortgage lender remains confident in its new position, while early share price values have fallen.

The post FAR Parent Goes Public, Lender Comments on Publicly-Traded Status appeared first on Reverse Mortgage Daily.


OSC: Former HUD Official Violated Ethics Rule, Barred from Gov’t Employment for 4 Years

A former HUD regional administrator from the Trump administration has been found to have violated the Hatch Act, a key ethics rule designed to prohibit government employees from engaging in political activity when performing official duties.

The post OSC: Former HUD Official Violated Ethics Rule, Barred from Gov’t Employment for 4 Years appeared first on Reverse Mortgage Daily.


PRMI’s Sless Group Partners With Institute for Divorce Financial Analysts

PRMI's Steven J. Sless Group has partnered with the Institute for Divorce Financial Analysts, potentially opening up additional avenues of reverse mortgage business.

The post PRMI’s Sless Group Partners With Institute for Divorce Financial Analysts appeared first on Reverse Mortgage Daily.


CFPB Announces New Proposed Rules for Forward Servicers, ‘Monitoring’ Reverse Mortgage Market

The CFPB has issued a request for public comment on newly-proposed rules for forward mortgage servicers, and has said it is continuing to monitor the reverse mortgage market to determine if it needs to intervene in it.

The post CFPB Announces New Proposed Rules for Forward Servicers, ‘Monitoring’ Reverse Mortgage Market appeared first on Reverse Mortgage Daily.


Fairway Promotes Harder, Adds 2 New Account Executives

Fairway Independent Mortgage has promoted one senior member of its reverse mortgage team, who in his first action has added two veteran account executives.

The post Fairway Promotes Harder, Adds 2 New Account Executives appeared first on Reverse Mortgage Daily.


Reverse Mortgage Volume, HMBS Issuance Rise in March as MMI Fund Position Improves

Both reverse mortgage endorsement volume and HMBS issuance recorded increases in March, on the heels of positive HECM program news in the MMI Fund. RMD speaks with an industry analyst about these developments.

The post Reverse Mortgage Volume, HMBS Issuance Rise in March as MMI Fund Position Improves appeared first on Reverse Mortgage Daily.