Friday Round-Up: Are Big Banks Getting Back into Reverse?

In case you missed it… here’s what happened in reverse mortgage news this week. 

Are Big Banks Getting Back into Reverse Mortgages?—RMD poses this question now that several recent rule changes are under way, setting a new stage for reverse mortgage lending. 

Mortgage Prof. Rolls Out Alternative Approach to Reverse Mortgage Counseling—The Mortgage Professor, a.k.a. Jack Guttentag, is proposing a new way to educate prospective reverse mortgage borrowers, and it takes aim at the tried-and-true approach to traditional counseling. 

USA Today: Reverse Mortgages Help Retirees, If Done Right—They’re not for everyone, but reverse mortgages have a place for some, a USA Today contributor writes in a column this week. 

New Reverse Mortgage Rules Are a ‘Breath of Fresh Air’ for Small-Shop Players—Some originators say the new financial assessment is an operational challenge, but it may actually be serving as a refresh to the kitchen-table approach.

These Counties Have the Most American Seniors—Are you doing business in an area of the country that has a high proportion of senior residents? If you are in one of three Florida counties, you might be. Three out of five of the top counties for senior populations are in the Sunshine state, the Pew Research Center reports. Read on for the full list

Written by Elizabeth Ecker

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