Account Login
Unknown browser not supported

i
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

3 Tips on How Reverse Mortgage Originators Can Approach Financial Planners

Making solid connections with Certified Financial Planners (CFPs) is becoming increasingly important for a growing number of reverse mortgage originators, due to the ability of financial planners to serve as reliable referral partners in finding new clients that can potentially become borrowers. While some originators don’t necessarily see the total value of appealing to CFPs […]

The post 3 Tips on How Reverse Mortgage Originators Can Approach Financial Planners appeared first on Reverse Mortgage Daily.


Home Equity Investment Company Hometap Raises $100 Million

Boston-based alternative home equity tapping company Hometap announced Wednesday that it has secured $100 million in new financing. The capital raise includes new San Francisco-based investor ICONIQ Capital, LLC as well as Hometap’s current investors General Catalyst, G20, Pillar and American Family Ventures, the venture arm of AmFam Insurance. “We are thrilled to be investing […]

The post Home Equity Investment Company Hometap Raises $100 Million appeared first on Reverse Mortgage Daily.


Originators: Top 3 Traits for Selling Reverse Mortgages

Confidence, honesty and the strength of personal branding can be pivotal components for those who work to sell reverse mortgage loans every day, and these three elements have been key for the success of originators in different parts of the country. This is according to a panel discussion of reverse mortgage sales professionals that took […]

The post Originators: Top 3 Traits for Selling Reverse Mortgages appeared first on Reverse Mortgage Daily.


Senate Banking Committee Approves Montgomery Nomination for Deputy HUD Secretary

The Senate Banking Committee on Tuesday officially approved the nomination of Brian D. Montgomery, the current FHA Commissioner and Acting Deputy Secretary of the Department of Housing and Urban Development (HUD) to the full-time Deputy HUD Secretary position, RMD has learned. Montgomery, who was officially nominated for the position in October, has served the role […]

The post Senate Banking Committee Approves Montgomery Nomination for Deputy HUD Secretary appeared first on Reverse Mortgage Daily.


RMD Announces Launch of New Conference, HEQ

Reverse Mortgage Daily (RMD) is pleased to announce a first-ever event of its kind: HEQ. On June 18, 2020, HEQ will gather industry executives to the stage in Chicago to discuss the future of home equity in retirement. In a fast-paced, dynamic format, HEQ will provide unique perspectives and intimate networking opportunities – all dedicated […]

The post RMD Announces Launch of New Conference, HEQ appeared first on Reverse Mortgage Daily.


Longbridge CEO Talks Private vs. HECM Reverse Mortgages, Branding Power

There will hopefully come a time when the reverse mortgage market, currently dominated by Home Equity Conversion Mortgages (HECMs) backed and guided by the federal government, will be eclipsed by the greater availability of private alternatives. Overcoming reputational concerns in the larger reverse mortgage market may also be accomplished by focusing on product features and […]

The post Longbridge CEO Talks Private vs. HECM Reverse Mortgages, Branding Power appeared first on Reverse Mortgage Daily.


Reverse Mortgage Endorsements Drop in November

Home Equity Conversion Mortgage (HECM) endorsements dropped by 13.8% to 2,842 loans for the month of November 2019, a decrease from the spike in activity observed the prior month with the majority of the top 10 lenders recording endorsement decreases. This is according to the November HECM Lenders report compiled by Reverse Market Insight (RMI). […]

The post Reverse Mortgage Endorsements Drop in November appeared first on Reverse Mortgage Daily.


Reverse Mortgage Industry Encouraged by 2020 Lending Limit Increase

Last week, the Federal Housing Administration released a Mortgagee Letter (ML) detailing that the lending limit for government-backed Home Equity Conversion Mortgage (HECM) loans would be increasing for the fourth consecutive year in a row, to $765,600 beginning with case numbers assigned on January 1, 2020. This represents a welcome development for many reverse mortgage […]

The post Reverse Mortgage Industry Encouraged by 2020 Lending Limit Increase appeared first on Reverse Mortgage Daily.


New York Governor Signs Sweeping Reverse Mortgage Bill Into Law

A reverse mortgage bill aiming to change the way industry professionals do business in the state of New York was signed into law on Friday by Governor Andrew Cuomo, RMD has learned. This has codified the bill into New York state law, and Governor Cuomo’s office confirmed to RMD that he had signed it. Assembly […]

The post New York Governor Signs Sweeping Reverse Mortgage Bill Into Law appeared first on Reverse Mortgage Daily.


Longbridge Launches Platinum Origination Channel for Private Reverse Mortgages

Reverse mortgage lender Longbridge Financial announced the launch of the Platinum Origination Channel, a new distribution outlet for its line of proprietary reverse mortgages offered under the “Platinum” brand name. The new channel will provide the ability for those who have their own third-party networks to offer Platinum products to their partners as part of […]

The post Longbridge Launches Platinum Origination Channel for Private Reverse Mortgages appeared first on Reverse Mortgage Daily.