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.
Reverse
Auto Added by WPeMatico
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.
Reverse mortgage software pioneer Jerry Wagner has died
NRMLA announced the news in an email update to its members late last week, and industry professionals remember Wagner fondly.
New FHA citizenship, residency requirements apply to reverse mortgages
Rules that restrict FHA-backed financing to U.S. citizens and permanent residents applies to reverse mortgages — with interesting details.
Satisfaction surveys may not be helpful in guiding retirement policy
Where is the disconnect between reported high retirement satisfaction and poor financial readiness? New research aims to find out.
Fitch Ratings assesses home equity investments amid wider scrutiny
The credit ratings agency said it does not rate HEIs, as some have gone after the industry by comparing its products to reverse mortgages.