A summary of Reverse Mortgage Daily’s investigation into the causes that contributed to the collapse of Reverse Mortgage Funding
Continue readingMortgage bonds are cheap but no one is buying
“I feel really good about our business” – Michael Kent Interview
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Michael Kent of RMS discusses technology, markets and our industry’s outlook.
Mike Kent, senior VP of lending at RMS, sat down with me in Boston at the annual NRMLA meeting and discussed our technology, investor markets and industry outlook.
Remembrance: What makes us strong. Friday’s Food for Thought
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During this week of remembrance here are some things to remember that have made the reverse mortgage industry stronger:
- We’re not selling loans, but changing lives
- Our industry has improved consumer education, product choices, and costs
- 4 million plus Baby Boomers will reach retirement age each year
- We are getting traction in the mainstream media
- Investors and the secondary markets support our product
- We will remain as a long-term solution for years to come.
Friday’s Food for Thought: Pandora’s Box
HUD’s now suing Wells Fargo & Fannie Mae for their foreclosing on reverse mortgage borrowers. Did HUD open Pandora’s box with their recent mortgagee letter?
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