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New Study Ranks the Best Reverse Mortgage Companies

New Study Ranks the Best Reverse Mortgage Companies

by Phil Hall | Dec 29, 2023 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Money magazine is welcoming the new year with its review “Best Reverse Mortgage Companies of January 2024,” with five companies cited for different strengths that set them apart. Longbridge Financial was praised as “Best for Low Interest Rates,” with Money...
AARP Foundation Joins Class Action Lawsuit Against Reverse Mortgage Companies

AARP Foundation Joins Class Action Lawsuit Against Reverse Mortgage Companies

by Phil Hall | Dec 8, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The AARP Foundation announced it has joined a proposed class action lawsuit against Compu-Link (Celink), the nation’s largest reverse mortgage subservicer, and Reverse Mortgage Funding (RMF), formerly the largest reverse mortgage servicer nationwide. The case was...
‘Family Guy’ Takes Aim at Reverse Mortgages

‘Family Guy’ Takes Aim at Reverse Mortgages

by Phil Hall | Oct 24, 2023 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The long-running animated television series “Family Guy” had fun with reverse mortgages in general and the American Advisors Group advertisements featuring Tom Selleck in particular on its latest episode that aired Sunday night on Fox. In the episode, the perennially...
Reverse Mortgage Fraudster Arrested Again Over New Scams

Reverse Mortgage Fraudster Arrested Again Over New Scams

by Phil Hall | Oct 6, 2023 | News/Current Events, Real Estate News, WRE News Exclusive

A Chicago man arrested in 2017 for running a reverse mortgage scam was arrested after authorities discovered he was still scamming seniors. WGNTV.com reported Mark Diamond was arrested six years ago for orchestrating a reverse mortgage scam that allegedly stole $10...
Hawaii Accuses Reverse Mortgage Funding of Unpaid Taxes

Hawaii Accuses Reverse Mortgage Funding of Unpaid Taxes

by Phil Hall | Aug 21, 2023 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

The State of Hawaii has alleged that Reverse Mortgage Funding (RMF) is delinquent for years of unpaid taxes. According to a report in Reverse Mortgage Daily (RMD), the State of Hawaii’s Department of Taxation has appointed a delinquent tax collection assistant to...
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