Mutual of Omaha denies Longbridge allegations, files counterclaim
Mutual of Omaha has denied Longbridge’s allegations, and wants a jury trial to determine monetary losses from Longbridge’s own alleged actions.
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Wildfire damage with a reverse mortgage? Here’s what to do
First and foremost, borrowers need to contact their servicer immediately if their home is damaged by wildfire, experts said.
Fairway eyes reverse mortgage expansion in 2025
Fairway is eyeing an expansion of its H4P business by bringing new professionals and referral sources into the fold this year.
As LA fires burn, reverse mortgage industry emphasizes need for servicer, insurer contacts
Los Angeles County has the highest concentration of HECM borrowers in the country, and the industry is moving to respond.
New CFPB report looks at reverse mortgage activity in 2023
A new CFPB report based on 2023 HMDA data assesses the reverse mortgage industry landscape that year, and the shifts at the top of the industry.
USA Today: If Social Security falters, reverse mortgages could be worth a look
For those reliant on Social Security benefits but having trouble making ends meet, a reverse mortgage may be worth a look, the column said.
The top 10 reverse mortgage lenders of 2024
The top 10 retail reverse mortgage lenders in 2024 weathered a challenging year, with key movements in the rankings.
Nearly half of retirees worry they’ll outlive their savings, while 25% are burdened by housing costs
A survey of 1,000 retirees shows that many have severe savings shortfalls, can’t enjoy retirement and are burdened by housing costs.
How reverse mortgage pros will seek to connect with clients in 2025
The reverse mortgage industry is ready to hit the ground running in its efforts to connect with new clients in 2025.
Reverse mortgage performance metrics end 2024 on a mixed note
HECM endorsements saw a jump in December, but HMBS issuance ended 2024 on a low note, making for a topsy-turvy month of performance data.