FirstBank Exits Reverse Mortgage Business, Team Moves to Mid America Mortgage 

Nashville, Tenn.-based FirstBank has exited the third-party origination (TPO), correspondent, and reverse mortgage businesses, RMD has learned. The reverse mortgage division of FirstBank has now moved to operate within Mid America Mortgage, Inc. based in Addison, Texas, a specialty lender that had previously earned a Home Equity Conversion Mortgage (HECM) underwriting designation by the Federal […]