Friday Round-Up: Reverse Mortgage Lenders Shift Strategies

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

Reuters: Reverse Market is Mortgage Growth Spot—Now that the boom and bust of the housing market has all come to pass, Reuters reported that baby boomers are sparking a reverse mortgage revival as a way to generate retirement income.

FHA Reverse Mortgage Changes Force Lenders to Adapt Strategy—Though the impacts of reverse mortgage program changes have hit lenders hard, some have been forced to change the ways in which they approach borrowers to strengthen volume levels.

Liberty Partnership Brings Reverse Mortgages to Financial Planning Software—For the first time, reverse mortgage calculations will be included in PIEtech’s financial planning software thanks to a partnership with Liberty Reverse Home Equity Solutions—enabling financial planners to develop retirement plans for their clients using reverse mortgage simulations.

The Money Store Boosts Reverse Mortgage Team with New Hires—The Money Store welcomed several new hires to its reverse mortgage sales team this week, which it hopes will expand the company’s national branch footprint.

Reverse Mortgage Funding Hires Craig Barnes as Corporate Trainer—Also making moves on the hiring front, Reverse Mortgage Funding added industry veteran Craig Barnes to serve as the lender’s new corporate trainer.

Written by Jason Oliva

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