Open Mortgage has FHA direct endorsement authority terminated in Iowa
HUD ended the direct endorsement approval for Open Mortgage in Iowa based on high default and claim rates.
Source: housingwire.com
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University Bank adds four reverse mortgage veterans to its HECM division
University Bank added four people to its reverse mortgage division, including a regional manager, loan officers and an account executive.
Source: housingwire.com
Reverse mortgage volume and securities issuance trend lower in December
Reverse mortgage endorsement volume and securities issuance ended 2023 — already a challenging year for the industry — on a low note.
Source: housingwire.com
The 3 biggest reverse mortgage news stories of 2023
The reverse mortgage industry had an eventful year in 2023, and these are its top stories according to Reverse Mortgage Daily.
Source: housingwire.com
Commentary: Why the reverse mortgage industry needs to stop marketing to 'seniors'
In a new commentary, Zeb Lowe explores why reverse mortgage professionals overuse the "senior" label and explains why it should be retired.
Source: reversemortgagedaily.com