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Reverse

As consumer sentiment remains low, is the ‘silver tsunami’ keeping the economy humming?

Bloomberg, Consumer confidence, Global Economy, HWmember, Retirement, Reverse, Social Security /

Depending on where you look for economic news, you may come away with your head spinning. While consumer sentiment surveys are down — with recent changes tied to trade policy announcements with China — the U.S. economy has remained in mostly resilient territory due to consumer spending. But why is there an apparent disconnect between […]

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GoodLife Home Loans launches retail reverse mortgage division, says it is actively hiring

Ginnie Mae, Goodlife Home Loans, HECM, HMBS, HWmember, Retail Lending, Reverse /

An existing reverse mortgage-backed securities issuer and wholesale lender is making a new play for the retail space, according to a new announcement. GoodLife Home Loans, dba of Bellevue, Wash.-based Traditional Mortgage Acceptance Corporation (TMAC), announced this week that it has launched a new retail reverse mortgage division to add to its existing efforts in

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HUD publishes new reverse mortgage counseling guidance

Counseling, FHA, HECM, HUD, HWmember, Reverse /

Counseling is an essential part of the Home Equity Conversion Mortgage (HECM) origination process, and the U.S. Department of Housing and Urban Development (HUD) has recently refreshed some of its guidance documents for HECM counselors to offer essential information. HUD this month published a “toolkit” detailing how someone can become a HECM roster counselor. The

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Liberty’s Mike Kent talks relaunch of EquityIQ proprietary reverse mortgage

Liberty Reverse Mortgage, NRMLA, Onity Group, PHH Mortgage Corp, Reverse /

Mike Kent is a busy man. He’s been a key figure at Onity Group’s Liberty Reverse Mortgage for most of the past decade. He’s also served as co-chair of the National Reverse Mortgage Lenders Association (NRMLA) since 2019, and he now serves as senior vice president of reverse asset management and industry relations for Liberty

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Reverse mortgage veteran Dino Guadagnino joins Guaranteed Rate Affinity as regional VP

Guaranteed Rate, HECM, HWmember, People Movers, Rate, Reverse, Team Leaders /

Guaranteed Rate Affinity (GRA) announced this week that it has appointed longtime reverse mortgage industry professional Dino Guadagnino to serve as regional vice president of reverse mortgages. His arrival comes as GRA focuses on “strengthening its commitment” to the space and to “the senior borrowers it serves,” the company stated. Guadagnino most recently served as

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Colorado’s surging median age is attributed to aging in place

Aging in Place, Colorado, HECM, HWmember, Reverse /

In an ongoing series of stories focused on the dynamics of Colorado’s aging population, the Colorado Sun previously detailed some of the ways that the state is confronting the “silver tsunami” of people growing older while needing sufficient services to accommodate their needs. While the state may not have the largest population of people in

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Longbridge’s new proprietary reverse mortgage aims to preserve home equity for heirs

Baby Boomer, Home Equity, HWmember, Longbridge Financial, Reverse /

Citing the desire among many older homeowners to leave their homes to members of their family, New Jersey-based reverse mortgage lender and servicer Longbridge Financial has announced a new proprietary reverse mortgage product that aims to help borrowers preserve home equity for their heirs. The latest offering in the company’s Platinum line of proprietary reverse

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America’s top reverse mortgage professional practices what he preaches

Contributors, HWmember, Mortgage, Reverse /

When George Vrban recently took out a reverse mortgage himself, some eyebrows were raised. But his decision wasn’t born out of financial desperation — it was part of an overall strategic retirement plan. George Vrban, a name synonymous with expertise and trust in the reverse mortgage industry, reached a personal and professional milestone by obtaining

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Rate’s Jesse Allen on the progress of a reverse mortgage revamp

HECM, HWmember, Loan Officer, Marketing, Rate, Reverse /

In November, Chicago-based mortgage lender Rate — formerly known as Guaranteed Rate — announced that it was “revamping” its dedicated reverse mortgage division by appointing two longtime industry veterans to lead its efforts with older borrowers. Industry veteran Jesse Allen, formerly of OneTrust Home Loans and American Advisors Group (AAG) is now leading the division

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Like other states, Colorado confronts realities of the ‘silver tsunami’

Aging in Place, Colorado, HWmember, Reverse /

When looking at the fastest-growing state populations for residents 60 and older, Colorado is not at the top of the list, but it’s close. Outstripped only by Alaska and Wyoming, respectively, Colorado and Oregon have seen their shares of older residents increase by 1.9% between 2013 and 2023. This has led some state residents to

Like other states, Colorado confronts realities of the ‘silver tsunami’ Read More »