Reverse Mortgage Daily

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Provider: Reverse Mortgage Daily
Feed Type: Residential

 

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FHA Commissioner: HECM Program Health is Encouraging

The Home Equity Conversion Mortgage (HECM) program remains a source of concern for the Federal Housing Administration (FHA), but recent corrective action taken to improve its standing within the Mutual Mortgage Insurance (MMI) Fund is showing progress. This is according to remarks made by FHA Commissioner and Acting Deputy Secretary of the Department of Housing […]

The post FHA Commissioner: HECM Program Health is Encouraging appeared first on Reverse Mortgage Daily.


05/21/2019 12:04 AM

RMF Updates Equity Elite Product to Include Term Payment Option

Reverse Mortgage Funding announced Monday that it is rolling out updates to its Equity Elite proprietary reverse mortgage, now to include both lump sum and term disbursement options for borrowers under a fixed rate. The product expansion, which allows borrowers to choose any number of term payments from 24 to 120 months, follows a series […]

The post RMF Updates Equity Elite Product to Include Term Payment Option appeared first on Reverse Mortgage Daily.


05/20/2019 10:53 PM

The RMD Podcast #1: Interview with RMF President David Peskin

Welcome to The RMD Podcast! Our very first episode is now available!  Reverse Mortgage Funding (RMF) is one of the nation’s largest reverse lenders, standing as a top 5 company based on Reverse Market Insight’s list of the industry’s top lenders by volume and is a pioneer in the proprietary product market. RMF President David […]

The post The RMD Podcast #1: Interview with RMF President David Peskin appeared first on Reverse Mortgage Daily.


05/20/2019 10:00 AM

Celink to Appoint Sivori as Chairman and CEO

Lansing, Mich.-based reverse mortgage subservicer Celink has announced plans to appoint Robert Sivori as the company’s new chairman and Chief Executive Officer (CEO). Sivori will succeed Jason McNamara, who will serve on the board of Celink’s new parent company. Sivori, an industry veteran with more than 25 years of experience in the forward and reverse […]

The post Celink to Appoint Sivori as Chairman and CEO appeared first on Reverse Mortgage Daily.


05/19/2019 10:14 PM

Longbridge Launches Servicing Website for Reverse Mortgage Borrowers

To ease the reverse mortgage experience for the company’s borrowers and originators, Longbridge Financial is launching a consumer-facing servicing website for its customers. Through the new platform, which will be rolled out in stages and will first be available to new customers starting June 3, borrowers will be able to access their loan information via […]

The post Longbridge Launches Servicing Website for Reverse Mortgage Borrowers appeared first on Reverse Mortgage Daily.


05/19/2019 10:13 PM

New ReverseVision Calculator Works to Normalize Reverse Mortgages

Through the launch of a new loan comparison tool announced this week, reverse mortgage software provider ReverseVision is taking aim at the way originators and borrowers view reverse mortgages in the current lending environment. A departure from traditional reverse mortgage calculators that take a sole focus on reverse mortgage product options, the calculator redefines the […]

The post New ReverseVision Calculator Works to Normalize Reverse Mortgages appeared first on Reverse Mortgage Daily.


05/16/2019 11:38 PM

Open Mortgage Acquisition to Allow for Reverse Expansion

Multi-channel lender Open Mortgage announced this week that it has acquired Premier Home Mortgage, a lender specializing in financing homes in rural areas of the United States. The acquisition is expected to add $300 million in loan value to Open Mortgage, while also adding offices in the states of Iowa, Montana, South Dakota and Wyoming […]

The post Open Mortgage Acquisition to Allow for Reverse Expansion appeared first on Reverse Mortgage Daily.


05/16/2019 10:17 PM