Cherry Creek’s addition to Guild One of the biggest examples of this came during a discussion between HousingWire Editor in Chief Sarah Wheeler and Terry Schmidt, the CEO of Guild Mortgage. Guild has previously maintained a reverse mortgage division, but after focusing on growing its overall footprint through various acquisitions over the past year, one [...]read moreReverse mortgages seen as a path forward for lenders
We drove the 2024 Toyota Tacoma TRD Pro, the 2025 Ram 1500 RHO debuted, and the 2025 Nissan Frontier broke cover. It’s the Week in Reverse, right here at Motor Authority. We slid behind the wheel of the 2024 Toyota Tacoma TRD Pro for a first taste of next-gen off-road pickup. The latest Tacoma TRD [...]read more2024 Toyota Tacoma TRD Pro, 2025 Ram RHO, 2025 Nissan Frontier: The Week In Reverse
Older adults and people with disabilities are often prone to financial distress, and they may require more resources to better understand their circumstances and options, according to a new report from the Government Accountability Office (GAO). Among a series of 24 examples of federal financial literacy programs for these groups, the U.S. Department of Housing [...]read moreGAO highlights reverse mortgage counseling in new report
Following the company’s initial public offering (IPO) and its choice to focus exclusively on retirement solutions, FOA’s acquisition of AAG was a natural way to stake a major claim of leadership in the business. But it was not without its challenges. “I care deeply about culture and building teams, but this transition has been more [...]read moreKristen Sieffert leads the reverse mortgage presence at The Gathering
Earlier this month, California-based multichannel mortgage lender CMG Financial announced that it had acquired Norcom Mortgage’s retail assets to expand its operations in the Northeast. The deal, however, will not include core members of Norcom’s well-known team of reverse mortgage professionals, including John Luddy, Norcom’s senior vice president of reverse lending. In interviews with RMD, [...]read moreNorcom Mortgage’s core reverse team elects not to join CMG Financial
We drove the 2024 Toyota Land Cruiser, the 2025 Maserati GranCabrio Folgore debuted, and 2024 Lucid Air Grand Touring specs were released. It’s the Week in Reverse, right here at Motor Authority. We drove the 2024 Toyota Land Cruiser and found it pivots to retro charm. The iconic nameplate returns as a smaller, less expensive, [...]read more2024 Toyota Land Cruiser, 2025 Maserati GranCabrio Folgore: The Week In Reverse
A retired public school teacher living in the Pacific Northwest told MarketWatch that he is feeling stressed by high property taxes on a fixed income and asks if he would be a good candidate for a financial adviser. One planner solicited for input thinks that a reverse mortgage could be a worthy consideration, among other [...]read moreFinancial planner: Reverse mortgages can help retirees with high property taxes
Following the submission of a letter by Indiana Sen. Mike Braun (R) to Ginnie Mae President Alanna McCargo about concerns related to the Home Equity Conversion Mortgage (HECM)-backed Securities (HMBS) program, McCargo’s predecessor, Ted Tozer, hopes the senator will dive deeper into the program’s mechanics and what led to the collapse of Reverse Mortgage Funding [...]read moreFormer Ginnie Mae president reacts to lawmaker’s reverse mortgage securities letter
Because of certain persistent reputational challenges faced by the reverse mortgage industry, it can be challenging for borrowers to find objective informational sources about the product category. That’s what drove a listener of the podcast “The Indicator from Planet Money,” a production of National Public Radio (NPR), to ask hosts Wailin Wong and Darian Woods [...]read moreNPR podcast takes a closer look at reverse mortgages
Reverse mortgage volume dropped in February compared to the month prior, and new data compiled by Reverse Market Insight (RMI) shows that the primary culprit for the month was retail reverse mortgage originations. The retail channel volume decrease of 15.7% effectively “masked” a gain of 3.9% posted on the wholesale side of the business, according [...]read moreRetail losses lead February decline in reverse mortgage volume