Category: Reverse News
Reverse Mortgage Scam Artist Behind Bars Again After Defrauding Over 120 People
CHICAGO – Mark Diamond, a local businessman facing federal charges for allegedly orchestrating a fraudulent reverse mortgage scheme targeting elderly homeowners, has been ordered back[more...]
Reverse Mortgage Market Analysis 2023-2030: Growth, Trends, and Opportunities
Global Reverse Mortgage Market Projected to Reach USD 2,709.33 Million by 2030 with a CAGR of 5.7% during 2023-2030 Reverse Mortgage Tribune Report Overview Reverse[more...]
Survey Reveals Concerns of Older Adults About Their Retirement Confidence
A new survey conducted by the Transamerica Center for Retirement Studies (TCRS) sheds light on the concerns of individuals aged 50 and above regarding their[more...]
Essential Reverse Mortgage Market Size Statistics In 2023
Navigating the world of finance often seems akin to charting a course through an intricate maze. From the complexities of investment portfolios to the nuances[more...]
2023 Data Spotlight: Trends in Reverse Mortgage Direct Mail Advertising
In a recent report by the Consumer Financial Protection Bureau (CFPB) Office for Older Americans, trends in reverse mortgage direct mail advertising were scrutinized to[more...]
RMT Investigates: Federal Housing Authorities Face Lawsuit Alleging Broken Promises
UPDATED: In a recent legal development, Texas Capital Bancshares Inc. has filed a lawsuit accusing federal housing authorities of reneging on their promises of financial[more...]
Finance of America CFO Steps Down, Successor Announced
In an unexpected development, Finance of America Companies (FOA), the parent organization of industry giants Finance of America Reverse (FAR) and American Advisors Group (AAG),[more...]
Exploring Property Tax Responsibility in Life Estates: What Reverse Mortgage Holders Should Know
By Reverse Mortgage Tribune A life estate is a strategic method of co-owning property that aims to facilitate the smooth transfer of assets to designated[more...]
September Sees Dip in Reverse Mortgage Volume but Uptick in HMBS Issuance
Amidst the ever-evolving landscape of the reverse mortgage industry, September brought forth a mix of results. While Home Equity Conversion Mortgage (HECM) endorsements experienced a[more...]
FHA Announces Revisions to HECM Requirements Amid Market Conditions
Mortgagee Letter 2023-15Download --- In a significant development, the Federal Housing Administration (FHA) has unveiled crucial revisions pertaining to the Home Equity Conversion Mortgage (HECM)[more...]
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