exit

Top-Ten Ranked Lender Exits Reverse

Shannon HicksFebruary 24, 2020February 24, 2020

by Shannon HicksFebruary 24, 2020February 24, 20202 2327

One Reverse Mortgage announces departure from reverse mortgage lending The news of One Reverse Mortgage’s exit from reverse mortgage lending was unexpected news for industry participants. The directive to cease reverse mortgage operations came from the lender’s parent company Quicken Loans. One Reverse Mortgage ranked in the top 10

Homeowners Marooned

Shannon HicksMarch 11, 2019March 8, 2019

by Shannon HicksMarch 11, 2019March 8, 201912064

Australia’s cautionary tale for America [Download transcript] It’s said that nature abhors a vacuum. In the case of Australia, the question is who will fill it? Like an episode of Lost, senior homeowners in Australia now find themselves marooned being unable to tap their equity with no monthly payments.

Down Under: When lenders disappear

Shannon HicksJanuary 14, 2019January 11, 2019

by Shannon HicksJanuary 14, 2019January 11, 201901713

Australia: largest reverse mortgage lenders exit What happens when reverse mortgage lenders suddenly disappear? Australia is instructive on what happens when lenders offering a needed loan to help seniors age in place suddenly disappear. Despite the strong criticism and negative media stories covering the loan, it would seem the

Lenders see business uptick in wake of big bank exits: Industry Leader Update

Shannon HicksSeptember 5, 2011September 10, 2013

by Shannon HicksSeptember 5, 2011September 10, 201301346

[vimeo id=”28432975″ width=”601″ height=”338″] Remaining lenders are seeing something they’ve always wanted… an increase in referral phone calls from non-reverse banks and financial professionals. Many of these referrers had sent their clients to Wells Fargo & Bank of America based on their well known brand and geographic convenience. Today reverse

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Top-Ten Ranked Lender Exits Reverse

Homeowners Marooned

Down Under: When lenders disappear

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