Reverse mortgage data reveals solid spring comeback

It’s safe to say that many people know that a reverse mortgage is a loan that can be used by a older homeowner who wants to extract the equity in their house. But what many people don’t know is that there is a type of reverse mortgage that can be used to purchase a house. And while it’s not for everyone, it could be a retirement gamechanger for a good number of people.

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Wells Fargo announced a change to its compliance leadership with the hire of its new chief compliance officer. Financial services veteran Mike Roemer is set to start in his new role in January, and will be responsible for developing an "industry-leading" compliance program. Source: HousingWire Magazine

Posted on 06/28/2019 Categories HUD, Industry Statistics, Loan Servicing Senior Housing Wealth Reaches Record $7.14 Trillion June 24, 2019 Contact: Darryl Hicks, 202-939-1784, National Reverse Mortgage Lenders Association For Immediate Release: Senior Housing Wealth Reaches Record $7.14 Trillion NRMLA/RiskSpan Reverse.

Reverse mortgage volume has fallen sharply since its heyday prior to the housing market downturn, but several developments in recent years may position these loans for a comeback, says a recent article from Wealth Management. "Reforms put in place by the federal government several years ago have led the reverse lending industry to target more [.]

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Reverse mortgage data reveals solid spring comeback reverse mortgage data details disruption from government shutdown Jessica Guerin is an editor at HousingWire covering reverse mortgages and the.

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Reverse mortgage data reveals solid spring comeback – Last month, the reverse mortgage industry closed just over 2,500 loans. a total that allowed it to climb the lender ranks and earn a spot among the top 10. Synergy One Lending – which merged with.

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