Friday Round Up: Proficio Expands, Startups Eye Senior Market

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

Proficio Doubles Outside Sales Force, Ramps Up Reverse Mortgage Sales Proficio Mortgage has risen the ranks to the top 10 originators of reverse mortgages. The company is expanding nationwide, and it’s paying off.

Startups Take Aim at $750 Billion “Silver” Senior Market Funding for digital health companies exceeded $1.9 billion in 2013—up 39% from the previous year, and double the 2011 amount. Slate discusses how venture capitalist-backed startups are entering the baby boomer and older consumer markets in a recent article.

WSJ Debunks Five Retirement Myths Soon-to-be retirees’ expectations about their golden years may off point, The Wall Street Journal says in a recent article, adding that some seniors are retiring earlier than expected. And, those who plan to work during retirement may find it difficult to rejoin the workforce as they age.

Washington Post: Realtors Push Condo Boards to Reevaluate FHA Loans Realtors, brokers and agents from California unveiled a campaign to convince condo boards to rethink their objections to FHA certification during this month’s spring legislative conference of the National Association of Realtors in Washington, arguing that otherwise qualified unit owners are unable to tap their equity for retirement.

California Cities Dominate Reverse Mortgage Volume Growth While first quarter reverse mortgage endorsements have largely declined nationally – one state is bucking the trend: California. The state claims seven of the top-10 cities for total MCA growth.

Written by Cassandra Dowell

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