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Provider: Reverse Mortgage Daily
Feed Type: Residential

 

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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.


12/06/2019 10:35 PM

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.


12/05/2019 10:16 PM

More than Half of Americans Support Adult Children, Derailing Retirement

Parents with adult children are often closely linked in terms of finances, and the depth of those connections can sometimes threaten the retirement plans of the parents. This is according to new research released by home co-investing company Unison, announced on Thursday. According to the results of a survey conducted in August 2019, 92% of […]

The post More than Half of Americans Support Adult Children, Derailing Retirement appeared first on Reverse Mortgage Daily.


12/05/2019 10:15 PM

Starwood Capital Affiliate to Acquire Reverse Mortgage Funding Parent

Reverse Mortgage Investment Trust (RMIT), the parent company of Reverse Mortgage Funding, LLC (RMF) has announced that it has agreed to be acquired by an affiliate of Starwood Capital Group, a global private investment firm which is focused on real estate investments, and which maintains more than $60 billion of assets under management. Terms of […]

The post Starwood Capital Affiliate to Acquire Reverse Mortgage Funding Parent appeared first on Reverse Mortgage Daily.


12/04/2019 09:27 PM

Reverse Mortgage Lending Limit to Rise in 2020

The lending limit for federally-backed reverse mortgages is increasing for the fourth consecutive year in a row and is set to rise to $765,600 in 2020. The Department of Housing and Urban Development (HUD) announced on Friday via Mortgagee Letter 2019-20 a maximum claim amount of $765,600 for calendar year 2020, up from $726,525 in […]

The post Reverse Mortgage Lending Limit to Rise in 2020 appeared first on Reverse Mortgage Daily.


12/03/2019 10:30 PM

Industry Meeting Signals ‘Exciting’ Time for Reverse Mortgages

The National Reverse Mortgage Lenders Association (NRMLA) is encouraged after a productive Annual Meeting last month in Nashville, Tenn., owing to a well-received programming schedule and enthusiasm among attendees for the event’s venue city. This is according to NRMLA’s recently-promoted President, Steve Irwin, in an interview with RMD. “Overall, the response to our recent annual […]

The post Industry Meeting Signals ‘Exciting’ Time for Reverse Mortgages appeared first on Reverse Mortgage Daily.


12/03/2019 10:28 PM

The RMD Podcast #7: Chris Mayer, CEO of Longbridge Financial

In the seventh episode of The RMD Podcast, we speak to the CEO of Longbridge Financial, Chris Mayer! Coming into the business from notable positions in government and in academia, Mayer shares with us how his experiences ultimately led him into a primary leadership position at a top 10 reverse mortgage lender. He also shares […]

The post The RMD Podcast #7: Chris Mayer, CEO of Longbridge Financial appeared first on Reverse Mortgage Daily.


12/03/2019 05:20 PM