Total Reverse Mortgage Endorsements Fall in April

In a somewhat expected fall back to Earth, reverse mortgage endorsements dropped between April and May, but as in previous months there are still some signs of overall volume growth. Home Equity Conversion Mortgage originators — including both Federal Housing Administration-approved firms and their non-FHA counterparts — logged a total of 5,034 endorsements in April, […]

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In New AAG Spot, Selleck Asks: ‘Why Not’ Use Home Equity?

American Advisors Group this week debuted its latest television commercial starring actor Tom Selleck, who this time asks older Americans why they aren’t using the equity built up in their homes. Set in the same finely appointed loft apartment as a previous Selleck-centric spot, the new ad finds the “Blue Bloods” star telling seniors that […]

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Forbes: AAG’s Jahangiri Has ‘Answer’ to America’s Retirement Question

American Advisors Group CEO Reza Jahangiri has the key to a comfortable retirement for the nation’s rapidly aging population, but no one’s listening — at least according to an upbeat profile in an upcoming edition of Forbes magazine. Posted early online, the Forbes piece tracks Jahangiri and AAG’s improbable rise to the top of the Home […]

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Sun-Times: Jesse Jackson Intervenes in Reverse Mortgage Default

Civil rights activist Jesse Jackson threw his influence into a Chicago reverse mortgage foreclosure case involving a 97-year-old reverend and community leader, according to a column in Tuesday’s Chicago Sun-Times. The Rev. Helen Sinclair, known locally as “Queen Mother,” received a foreclosure judgment from Wells Fargo in January, Sun-Times columnist Mary Mitchell reported. Sinclair, a […]

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Reverse Mortgage Endorsements Drop in April, Still Riding Higher Than ’16

Reverse mortgage endorsements fell 6.1% between March and April, according to the latest data from Reverse Market Insight, but the research firm still sees signs of optimism amid the downward-pointing red arrows. FHA-approved Home Equity Conversion Mortgage lenders endorsed 5,036 loans last month, down from 5,364 in March — but still good enough for the […]

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Reverse Mortgage Endorsements Fall in February, Rise YTD

Reverse mortgage endorsements declined between January and February 2017, but the overall total remains up from the same span last year, according to new data from Reverse Market Insight, Inc. Through the first two months of 2017, Home Equity Conversion Mortgage originators endorsed 8,997 loans, a gain of 6.3% from the same period in 2016 […]

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