Reverse Mortgage Daily

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Provider: Reverse Mortgage Daily
Feed Type: Residential


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Quontic Plans to Add 25 Reverse Mortgage Jobs by March
In the face of concerns over the pace of reverse mortgage endorsements over the coming year, one lender is placing an ambitious bet on expansion in 2018. Quontic Bank is in the process of expanding its Indianapolis reverse mortgage originations office, with a goal of expanding its 50-person team by at least 25 through the […]
01/21/2018 07:45 PM

U.S. News & World Report Releases Reverse Mortgage Tool
U.S. News & World Report rolled out a special reverse mortgage resource last week, walking borrowers through the potential benefits and risks associated with the loans. The site describes the different types of reverse mortgages — including the federally backed Home Equity Conversion Mortgage and proprietary products — and how prospective borrowers can qualify. Among […]
01/21/2018 07:41 PM

CFPB Chief Declines Federal Reserve Funding for Quarter
The acting director of the Consumer Financial Protection Bureau declined funding from the Federal Reserve for the second quarter of fiscal 2018, marking yet another departure from his predecessor. “I have determined that no additional funds are necessary to carry out the authorities of the Bureau for FY 2018, Q2,” Mick Mulvaney wrote in a […]
01/18/2018 09:24 PM

Bankruptcy Court Approves RMS Parent’s Chapter 11 Plan
A federal court formally approved Walter Investment Management Corporation’s (NYSE: WAC.BC) prepackaged Chapter 11 plan this week, though the company expects its remaining time in bankruptcy protection to be short. The Fort Washington, Pa.-based financial firm — which services Home Equity Conversion Mortgages through its Reverse Mortgage Solutions subsidiary — first floated the idea of […]
01/18/2018 08:52 PM

CFPB Seeks Public Input on its Mission Amid Director Drama
The Consumer Financial Protection Bureau will solicit wide-ranging commentary on its mission from the public and companies, the agency’s acting director announced Wednesday. “In this New Year, and under new leadership, it is natural for the Bureau to critically examine its policies and practices to ensure they align with the Bureau’s statutory mandate. Moving forward, […]
01/17/2018 10:11 PM

Florida Again Tops List of Best Places to Retire in the U.S.
Florida topped out as the No. 1 state to retire in WalletHub’s annual ranking for 2018. The Sunshine State also held the No. 1 spot in 2017. The “2018’s Best & Worst States to Retire” report compared all 50 U.S. states across 41 indicators, spanning the cost of in-home care, life expectancy and cost of living, among other […]
01/17/2018 10:09 PM

Fox Business Host: Reverse Mortgage Pitches Need Refining
The reverse mortgage product is still largely misunderstood, and those who market reverse mortgages can use a dose of reality. That’s the message presented by Bob Massi, also known as Fox Business Network’s “Property Man,” who is also a practicing attorney based in Las Vegas. On his show, Massi has covered reverse mortgages on a […]
01/16/2018 10:57 PM