Monthly Archives: October 2012

Reverse Mortgage News

Reverse Mortgages Pros Ocwen Acquires Genworth Reverse Mortgage Division for $22 Million (Update 2) Ocwen Financial Corporation (NYSE:OCN) announced it has entered into an agreement on October 26th to acquire Genworth Financial Home Equity Access (GFHEA) for $22 million in cash.

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Reverse Mortgage News

Reverse Mortgages Pros Huffington Post: Reverse Mortgage as Long-Term Care Solution Huffington Post: Reverse Mortgage as Long-Term Care Solution The crisis for long-term care in the U.S. has many Americans considering their retirement’s security. For some, the Huffington Post suggests

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Reverse Mortgage News

Reverse Mortgages Pros Friday Round-Up: Reverse Mortgage Hybrid on Hold, More M&A On Horizon? In case you missed it, here’s what happened in reverse mortgage news this week.   FHA said reverse mortgage hybrid talk is on hold. Speaking before attendees

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Reverse Mortgage News

Reverse Mortgages Pros U.S. Slams Bank of America With New Billion-Dollar Mortgage Suit Bank of America was sued today for more than $1 billion in multi-year mortgage fraud against Fannie Mae and Freddie Mac. The suit follows a billion-dollar charge

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Reverse Mortgage News

Reverse Mortgages Pros Reverse Mortgage Media Frenzy Takes Off, AARP On Borrower Evictions Reverse Fortunes Weekly Podcast Episode #229 A New York Times article published last week has sent a flurry of reverse mortgage headlines swirling as the “pendulum” swings

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Reverse Mortgage News

Reverse Mortgages Pros Friday Round-Up: FHA Says Reverse Mortgage Change is On The Way In case you missed it… here’s what happened in reverse mortgage news this week.  The New York Times slammed reverse mortgages. In a front page story

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Reverse Mortgage News

Reverse Mortgages Pros AARP Blames HUD for Reverse Mortgage Foreclosure Problem AARP has a new blog post warning would-be reverse mortgage borrowers to proceed with caution following a New York Times article published Monday about how the Home Equity Conversion

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Reverse Mortgage News

Reverse Mortgages Pros FHA: Reverse Mortgage Program Changes on Six-month Horizon The Department of Housing and Urban Development is actively seeking meaningful change to its Home Equity Conversion Mortgage program in an effort to protect its mortgage insurance fund and

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Reverse Mortgage News

Reverse Mortgages Pros New Reverse Mortgage Training Bible Launches, Could Be Regulatory Fix The brainchild of reverse mortgage consultancy Wendover Consulting and training and technology provider Reverse Focus (formerly Reverse Fortunes), a new reverse mortgage training product is now available

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Reverse Mortgage News

Reverse Mortgages Pros U.S. Sues Wells Fargo For Fraud, Lying About Thousands of FHA Loans The U.S. Government has filed a civil suit against Wells Fargo for reckless underwriting and fraudulent loan certification for thousands of Federal Housing Administration-insured loans

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