Items Tagged with 'American Advisors Group'

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  • Finance of America Reverse rebrands as retirement solutions provider

    Announces partnership with home sharing service Silvernest
    Reverse mortgage lender Finance of America Reverse has announced it is rebranding as a provider of retirement solutions dedicated to helping people "get to work on retirement." FAR President Kristen Sieffert said the move is essential to change the conversation about reverse mortgages, stating that, "It's critical that we become more than a just a lender."
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  • Reverse mortgage lender American Advisors Group expands to VA loans

    Seeks to provide seniors with more home equity solutions
    Top reverse mortgage lender American Advisors Group has expanded its product offerings to include VA loans. The move is part of the company’s rebrand as it pivots away from its reverse-only focus, offering an expanded product suite with the goal of helping America’s seniors "retire better."
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  • Committee tracks impact of FHA’s second appraisal rule

    Collects lender data looking for clues on FHA’s methods
    Members of the HUD Issues Committee within the National Reverse Mortgage Lenders Association are taking a deep dive into the Federal Housing Administration’s second appraisal rule for select HECM loans. “We are tracking what we think are key elements to see if we can’t figure out where some of the problems may lie,” said Committee Chair Elly Johnson. Here’s what they’ve uncovered so far.
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  • Finance of America Reverse unveils proprietary reverse mortgage HELOC

    Introduces HomeSafe Select, the latest addition to its proprietary suite
    Finance of America Reverse released yet another addition to its suite of proprietary reverse mortgages, unveiling Friday the HomeSafe Select. Unlike other non-agency reverse mortgage loans on the market, the HomeSafe Select offers borrowers access to 25% of their proceeds upfront, with the remainder available in a growing line of credit.
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  • 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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