Items Tagged with 'One Reverse Mortgage'

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 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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  • 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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  • Confused about proprietary reverse mortgages? Read this

    If you're wondering how the new products compare, we’ve got you covered
    In the last several months, the reverse mortgage space has seen a handful of new proprietary loans come to market. Now, an industry that once dealt with a single product has a whole menu to choose from. We break down the details so you can see how the new products compare.
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  • One Reverse Mortgage launches proprietary product

    Say hello to HELO
    One Reverse Mortgage, a subsidiary of Quicken Loans, has joined the growing number of lenders with private reverse mortgage offerings. Its new HELO product provides borrowers access to up to $4 million of their equity and comes with fewer restrictions than the FHA product.
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  • Hot Seat: Gregg Smith

    From what he can’t go without to what he believes to be the reverse mortgage industry’s biggest challenge, we get the personal and professional facts from Gregg Smith, president and COO of One Reverse Mortgage, in our monthly edition of The Hot Seat.You can't always be right. Ten years from now I’d like to spend my time playing with my kids. My favorite website is boston.com. My favorite magazine is The New Yorker. I never miss an episode of Family Guy. When I was younger I wanted to be a professional hockey player. Every morning I read the Wall Street
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  • One Reverse Gains HMBS Approval

    One Reverse Mortgage LLC gained Ginnie Mae approval to participate in the HECM Mortgage-Backed Securities program. The approval allows One Reverse, a Quicken Loans Company to bundle and sell reverse mortgage securities. "Receiving approval from Ginnie Mae to issue securities was an important next step in our growth," said Gregg Smith, president and chief operating officer of One Reverse Mortgage LLC. "We will now be able to leverage the relationships we have forged with the investment community, as well as those we have made through our relationship with Quicken Loans." The company has been the fourth ranked retail lender
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