Fairway announces ‘hybrid e-closings’ for reverse mortgages
The company previously said this option will make HECM processes more convenient for borrowers as it seeks to expand the business.
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Some Social Security recipients were falsely told their benefits had stopped, senators say
SSI beneficiaries were reportedly told, incorrectly, that their benefits had stopped, prompting an inquiry from three Democratic senators.
Reverse mortgage endorsements fell as HMBS issuance rose in March
Reverse mortgage performance metrics were mixed in March, with volume falling and securities issuance rising.
Tariff policy could inspire renewed talk of reverse mortgage as ‘buffer asset’
Wade Pfau recommended reverse mortgage lines of credit as ‘buffers’ during the pandemic, which could make a comeback amid tariff policy.
Longbridge has a new addition to its proprietary reverse mortgage suite
Platinum Peak aims to offer higher LTVs for borrowers, with Longbridge saying it could help those who previously came up short.
Judge rules in favor of Ginnie Mae in lawsuit brought by Texas Capital Bank
The case brought by TCB against Ginnie Mae has been ended via summary judgment in favor of the government. The bank has vowed to appeal.
FOA enlists new marketing agency in renewed push
Finance of America has enlisted creative agency David&Goliath for a new marketing strategy, which will start in Q2.
FOA promotes Jonathan Scarpati to chief production officer
Scarpati will now oversee both wholesale and retail production at FOA, in an effort to “optimize internal structures and accelerate performance gains” for its multichannel operations.
Mutual of Omaha launches proprietary reverse mortgage product
The industry’s current HECM market leader is rolling out a new proprietary reverse mortgage product line known as SecureEquity.
Alt home equity product from RMF alum expands into new states
Cornerstone Financing rolled out an alternative home equity-tapping product to several new states, following a successful 2024 financing deal.