Turkey Day Round-Up: Urban Changes Name; Best Cities for Retirees


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

Urban Financial completes its name changes and rolls out new marketing materials. The top-five reverse mortgage lender is now officially Urban Financial of America and will be rolling out new marketing and advertising materials along with a new url.

Reverse mortgage lenders are seriously looking into introducing proprietary products. In the wake of comprehensive changes to the federal HECM program, certain lenders are mulling a move into the proprietary market while others, including AAG, are actively planning to release a proprietary product.

People would much rather shop on sites like Amazon than Bank of America. A new study finds mortgage lenders lagging behind e-commerce sites like Amazon and Walmart in terms of website usability and the ability to engage consumers. ranks the best cities for snowbird retirees. Retirees in search of warmer weather may want to head to Austin, Texas; Las Vegas; or Scottsdale, Ariz., suggests after weighing factors including affordability, climate, and demographics.

Annual home price increase no match for national home value cool-off. Despite October home prices increasing year-over-year, national home values dropped for the second month in a row, according to Zillow, which projects an appreciation slow down in 2014.

Wishing a Happy Thanksgiving to all our readers! Normal posting will resume for Monday, December 2. 

Written by Alyssa Gerace

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