Items Tagged with 'American Advisors Group'

ARTICLES

  • Here are the top 10 reverse mortgage lenders

    And these are the different approaches they’re taking to survive the down market
    The reverse mortgage industry has taken a bit of a beating in the past year following significant program changes from HUD, but HECM lenders are nothing if not resilient. We’ve compiled a list of the top 10 players in the space and a summary of the approach each has taken to stay afloat in the current climate.
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  • HECM mortgage-backed securities see $1 billion decline

    HMBS float continues to shrink thanks to record payoffs and low origination volume
    The latest data on HECM mortgage-backed securities reveals issuance is down in the third quarter to $1.7 billion – that’s about a billion less than totals from the previous two quarters. In a recent report, New View Advisors says the industry shouldn't expect this to turn around any time soon as low origination volumes challenge the space.
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  • It’s been one year since HUD shook up the reverse mortgage industry

    With 10/2 program changes firmly in the rearview, how did the industry fare, and what’s ahead for players in the space?
    Tuesday marked exactly one year since HUD implemented HECM program changes in a move that took lenders by surprise and drastically impacted the reverse mortgage business. It’s been a rocky year as originators attempted to adjust to the new normal, and it seems no one got out unscathed. Will product innovation help the industry find its footing, or will another round of program changes knock it off its feet?
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  • HECM data suggests worst may be over

    Volume sees second month of consecutive growth
    Reverse mortgage endorsements rose 9.9% from July to August, according to the latest data from analytics firm Reverse Market Insight. The slight uptick marks the second month of growth for the industry, and it may be a sign that the market is finally forging a path toward recovery.
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  • Q&A: AAG's Reza Jahangiri doubles down on the home equity market

    CEO of the No. 1 reverse mortgage lender talks about its massive rebrand
    Holding tight to a quarter of market share, American Advisors Group is a goliath in the reverse mortgage space. In June, the lender announced it was leaving behind its single-product focus and rebranding as a holistic provider of home equity solutions. HousingWire sat down with CEO Reza Jahangiri to talk about the rebrand and his mission to help Americans “retire better.”
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  • AAG expands offerings to help consumers "retire better"

    Leading reverse mortgage lender rebrands as provider of holistic retirement solutions
    American Advisors Group, the nation’s largest reverse mortgage lender, announced Wednesday that it has rebranded as a provider of home equity solutions. While it will continue to originate reverse mortgage products, the company will also offer conventional and FHA refinance loans and real estate services in a bid to help older Americans achieve better financial outcomes in retirement.
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  • HousingWire acquires The Reverse Review, adds Editor Jessica Guerin

    Guerin to lead expanded coverage of housing wealth market
    More exciting changes are happening at HousingWire! This week, we are announcing our acquisition of The Reverse Review. This means a new fresh face at HousingWire. Reverse Review Editor Jessica Guerin is joining HousingWire’s staff as an editor to lead our expanding coverage of the housing wealth market and is launching a Reverse Review newsletter.
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  • Reverse mortgage lender AAG expanding into traditional mortgage lending

    Plans growth throughout 2018
    American Advisors Group is one of the nation’s largest reverse mortgage lenders, but now, the company is expanding into traditional forward mortgage lending as well. According to AAG, it began piloting forward lending in 2017, and the company is now ready to roll out forward mortgages on a large scale.
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  • CFPB fines three reverse mortgage lenders over deceptive advertising

    To pay a total of nearly $790,000
    American Advisors Group, Reverse Mortgage Solutions and Aegean Financial are the latest names to face the wrath of the Consumer Financial Protection Bureau due to deceptive advertisements in reverse mortgage lending. “These companies tricked consumers into believing they could not lose their homes with a reverse mortgage,” said CFPB Director Richard Cordray.
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