Monthly Archives: August 2013

Reverse Mortgage News

Reverse Mortgages Pros Fitch Revises Outlook on Financial Freedom’s Reverse Mortgage Portfolio Fitch Ratings recently affirmed Financial Freedom’s primary servicer rating for its reverse mortgage portfolio but revised its outlook from Positive to Negative. Financial Freedom, a division of OneWest

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Reverse Mortgage News

Reverse Mortgages Pros Investment Group to Acquire Reverse Mortgage Subservicer Celink Peer Advisors LLC, an investment group focused on opportunities in the senior housing finance market, today announced that it has signed an agreement to acquire 100% of the stock

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Reverse Mortgage News

Reverse Mortgages Pros Level of Debt Among Retirees Continues to Surge Nearly two out of three people in their 60s have today are carrying debt, up from half of the same age group in 1998. The level of debt as

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Reverse Mortgage News

Reverse Mortgages Pros Florida Title Agent Sentenced for Reverse Mortgage Scheme A Florida woman was sentenced to prison Thursday for her role in a reverse mortgage fraud scheme, the Justice Department announced. Yesenia Pouparina, a Miami-based title agent and former

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Reverse Mortgage News

Reverse Mortgages Pros Post-Recession, Americans Still Not Saving for Retirement Despite heightened attention to the need for retirement savings following the economic crisis, working Americans today are largely not saving any more for retirement than they have previously. Just 18%

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Reverse Mortgage News

Reverse Mortgages Pros Obama Signs Reverse Mortgage Act, Home Price Slowdown Soothes Bubble Fears Reverse Focus Weekly Podcast Episode #271 In this week’s Reverse Focus podcast, Shannon Hicks discusses President Obama’s signing of the Reverse Mortgage Stabilization Act into law

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Reverse Mortgage News

Reverse Mortgages Pros CFPB Sheds More Light on Upcoming Mortgage Lender Exams The Consumer Financial Protection Bureau on Thursday released a second update to its exam procedures to offer guidance to the industry regarding what it will look for in

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Reverse Mortgage News

Reverse Mortgages Pros Trulia: What Housing Bubble? Home Prices 5% Undervalued Any fears of an impending housing bubble can be laid to rest as home prices are 5% undervalued in the third quarter of 2013, according to Trulia’s recent Bubble

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Reverse Mortgage News

Reverse Mortgages Pros July Housing Scorecard Continues to Mark Housing Recovery Progress Evidence of the housing market’s recovery reports continued progress through July, according to the Obama Administration’s latest Housing Scorecard.  Fashioned by the Department of Housing and Urban Development

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Reverse Mortgage News

Reverse Mortgages Pros Stifel Financial Launches Reverse Mortgage Business, Targets National Growth Stifel, Nicolaus & Company, Incorporated (NYSE: SF) has entered the reverse mortgage business through a new origination and securities trading platform and its recent acquisition of Knight Capital

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