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Jonathan Scarpati joins NRMLA board of directors
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The National Reverse Mortgage Lenders Association (NRMLA) this week announced that Jonathan Scarpati, senior vice president of wholesale production at ...

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FOA’s Resch on the evolution of reverse mortgages for financial planning
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Chris Clow/RMD: Comparing where we were in 2019 and 2020 when seeking conversations with financial planners, how have they changed? You said they’ve gotten ...

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New appraisal bias protections apply to reverse mortgage program: FHA
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The U.S. Department of Housing and Urban Development (HUD) and the Federal Housing Administration (FHA) this week announced a new policy enabling ...

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Ocwen improves overall reverse mortgage performance despite volume contraction
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Ocwen Financial Corp., parent company of PHH Mortgage Corp. and Liberty Reverse Mortgage, reported an overall improvement in its business performance ...

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Connecticut Legislature approves bill aimed at aging-in-place improvements
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The Connecticut Legislature has approved a bill requiring the agencies that employ home health aides and other professionals to provide more ...

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Reverse mortgage professionals react to H4P rule changes
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After the release of proposed new rules for the Home Equity Conversion Mortgage (HECM) for Purchase (H4P) program late last year, the reverse mortgage ...

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Michigan attorney general reissues reverse mortgage consumer alert
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The attorney general of Michigan has re-released a consumer alert about the reverse mortgage product category during financial literacy month. The ...

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Reverse mortgages seen as a path forward for lenders
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Cherry Creek’s addition to Guild One of the biggest examples of this came during a discussion between HousingWire Editor in Chief Sarah Wheeler and ...

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Retirement confidence hasn’t fully recovered, but survey shows hope for future prospects
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Following a significant drop in retirement savings confidence in 2023, overall levels of confidence have yet to recover. But optimism about future ...

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HUD walks back some proposed changes to HECM for Purchase program
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The U.S. Department of Housing and Urban Development (HUD) on Friday announced that a proposed change to the Home Equity Conversion Mortgage (HECM) for ...

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GAO highlights reverse mortgage counseling in new report
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Older adults and people with disabilities are often prone to financial distress, and they may require more resources to better understand their ...

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Kristen Sieffert leads the reverse mortgage presence at The Gathering
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Following the company’s initial public offering (IPO) and its choice to focus exclusively on retirement solutions, FOA’s acquisition of AAG was a natural ...

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