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REO News

Thanksgiving Round-Up: Reverse Mortgage Research Takes Center Stage
RMD will be observing the Thanksgiving holiday this Thursday and Friday, but will return to our normal posting schedule Monday, November 30. In the meantime, RMD would like to wish all our readers a safe, enjoyable and Happy Thanksgiving. We’ll see you back here on Monday. Until then, in case you missed it, here’s what […]

Could Google Become the Newest Reverse Mortgage Broker?
This week, Google launched its online mortgage shopping tool under its Google Compare brand, a platform that will allow prospective homebuyers to compare rate quotes among lenders. So far, Google has added two partners to the new service, one of which provides reverse mortgage leads. Google Compare for mortgages connects lenders with borrowers online, enabling […]

Longbridge Financial Adds Identity Protection Services for Reverse Borrowers
Through a newly formed partnership, Mahwah, N.J.-based Longbridge Financial LLC will now provide its reverse mortgage borrowers with automatic identity protection services upon loan closing. As a result of the partnership with IDT911, a Scottsdale, Ariz.-based provider of identity and risk management services, Longbridge cutovers will automatically receive LifeStages Identity Management Services as an added […]

TIME: Reverse Mortgages Help Pay for Caregiving Costs
Mainstream press coverage of reverse mortgages have been portraying reverse mortgages through a variety of lenses. While some of the most common articles have focused on using a reverse mortgage as a retirement planning tool, a recent piece published in TIME’s Family Finance section describes how these loans can help borrowers pay for caregiving costs. […]

How Reverse Mortgage Lenders Can Forge Relationships with Financial Planners
A variety of research has demonstrated the effective use of reverse mortgages as part of a comprehensive retirement planning strategy, however, lenders have yet to crack the code for forging successful relationships with financial advisers. At an upcoming industry event, reverse mortgage professionals can learn some of the best strategies to opening the lines of […]

Record Tail Issuance Drives October’s Reverse Mortgage Securities
Issuers of Home Equity Conversion Mortgage mortgage-backed securities (HMBS) created $789 million in new HMBS pools during October, driven by a record tail issuance of $291 million and some rekindled activity from Wells Fargo, according to the latest commentary from New View Advisors. The record tail issuance includes two pools totaling nearly $100 million issued […]

Survey Reveals Reverse Mortgage Acceptance, Industry Enters New Era
Reverse Focus Weekly Podcast Episode #389 In this week’s Reverse Focus podcast, Shannon Hicks discusses research presented at the National Reverse Mortgage Lenders Association annual conference, which sheds light on some of the factors that influence seniors’ acceptance of reverse mortgages and what stands in the way of greater product utilization. Also discussed, despite challenges […]

Counseling Research Sheds New Light on Reverse Mortgage Borrowers
People get reverse mortgages for a variety of different reasons. Also varied are the motives behind why some borrowers go through Home Equity Conversion Mortgage (HECM) counseling and then ultimately decide against getting a reverse mortgage. New research funded by the MacArthur Foundation and the Department of Housing and Urban Development aims to provide some […]