Items Tagged with 'AAG'

ARTICLES

  • From HW Magazine

    AAG changes the conversation around the use of home equity

    AAG's new brand message, "Retire Better" focuses on thoughtful and personalized solutions
    Within AAG’s wholesale division, the feedback the company continued to hear from its brokers (some 800+ of them) is that borrowers and family members are still being influenced by old assumptions about HECM products, which have changed significantly since they were introduced by the Reagan administration in 1989. New regulations have improved standards and added safeguards, to further protect older Americans, making home equity mortgages now another option as a strategic financial planning tool for many seniors.
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  • American Advisors Group ups reverse mortgage support for brokers

    Invests in resources to grow its wholesale channel
    American Advisors Group announced the launch Monday of an expanded set of resources designed to help its wholesale partners elevate their reverse mortgage business. AAG is ranked No. 1 in reverse mortgage lending overall, but it's No. 4 in wholesale. Now, with an enhanced set of tools for brokers, it just may climb the ranks.
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  • How many borrowers are taking out jumbo reverse mortgages? No one really knows

    The industry avidly tracks HUD-endorsed HECMs, but it's sorely lacking cross-lender data on non-agency reverses
    For the last several months, data on reverse mortgage volume has illustrated a steady descent as the industry has struggled to regain its footing in the wake of program changes. But does this tell the whole story? Five lenders now originate proprietary reverse mortgage products. But the problem is they all decline to offer specifics on volume, so there’s no way to tell just how many of these non-agency loans the industry is collectively closing.
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  • Top 10 reasons why borrowers pursue a jumbo reverse mortgage

    AAG borrower survey pinpoints market potential
    American Advisors Group has surveyed borrowers who have chosen its private-label AAG Advantage loan to determine what prompts seniors to pursue a jumbo reverse mortgage. The results highlight the vast differences between the average reverse mortgage borrower – whose financial situation is often tenuous – and those who pursue a jumbo reverse to access the equity in a higher-value home.
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  • AAG hires new senior VP of operations

    Joe Stephenson will oversee all sales channels
    American Advisors Group has named Joe Stephenson senior vice president of operations. As such, he will oversee operations for all of AAG's sales channels, including its call center, national field sales division and wholesale division. The hire comes not long after the leading reverse mortgage lender launched a massive rebrand that involved an expansion of the company's offerings in an effort to help seniors "retire better."
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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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  • 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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  • 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 volume inches upward

    Latest data shows signs of slow recovery
    It’s been a tough year for the reverse mortgage space. Next week marks the one-year anniversary of the implementation of changes to the HECM program that shook the industry to its core, significantly slashing loan volume. But the latest report from analytics provider Reverse Market Insight shows that recovery is in the works, even if the pace is slow.
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