MortgageReverse

Reverse Mortgage Securities Paying Off, AAG Expands Market Presence

ReverseFocusReverse Focus Weekly Podcast Episode #297

More states are lining up to question the constitutionality of the Dodd-Frank Act as well as the Consumer Financial Protection Bureau, discusses Shannon Hicks in this week’s Reverse Focus podcast.

Eleven states are asking a Washington D.C. court of appeals to reverse a previous decision that dismissed the initial suit, which challenges the actions taken under the Dodd-Frank and Consumer Protection Acts.

Also discussed, a pilot program that assists seniors living with dementia can keep them living in their homes longer before having to transition to long-term care settings, according to a recent study from Johns Hopkins researchers. 

In another story, the second reverse mortgage securitization in the nation’s history has paid off, says Hicks. The security, comprised of proprietary jumbo mortgages, is the first securitization trust, is the first securitization trust of such loans that has been paid off completely.

Lastly discussed, American Advisors Group continues to expand its market presence following its recent acquisition of Reverse Mortgage USA. This time, AAG is growing its field sales force with the acquisition of the reverse mortgage division of Associate Mortgage Bankers, a company based in Garden City, New York.

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Talking Points:

  • More states challenge Dodd-Frank Act
  • Older Americans aging in place longer
  • Reverse mortgage securities pay off
  • AAG expands with another acquisition

Listen Now. “Reverse Focus is the ultimate resource for reverse mortgage professionals providing the technology, training and marketing to grow your business. We are your one-stop resource for those committed to taking their business to the next level.” Editor’s Note: These posts are sponsored by Reverse Focus.

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