Reverse

Reverse mortgage veteran Dino Guadagnino joins Guaranteed Rate Affinity as regional VP

Guaranteed Rate Affinity (GRA) announced this week that it has appointed longtime reverse mortgage industry professional Dino Guadagnino to serve as regional vice president of reverse mortgages. His arrival comes as GRA focuses on “strengthening its commitment” to the space and to “the senior borrowers it serves,” the company stated. Guadagnino most recently served as […]

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Colorado’s surging median age is attributed to aging in place

In an ongoing series of stories focused on the dynamics of Colorado’s aging population, the Colorado Sun previously detailed some of the ways that the state is confronting the “silver tsunami” of people growing older while needing sufficient services to accommodate their needs. While the state may not have the largest population of people in

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Longbridge’s new proprietary reverse mortgage aims to preserve home equity for heirs

Citing the desire among many older homeowners to leave their homes to members of their family, New Jersey-based reverse mortgage lender and servicer Longbridge Financial has announced a new proprietary reverse mortgage product that aims to help borrowers preserve home equity for their heirs. The latest offering in the company’s Platinum line of proprietary reverse

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America’s top reverse mortgage professional practices what he preaches

When George Vrban recently took out a reverse mortgage himself, some eyebrows were raised. But his decision wasn’t born out of financial desperation — it was part of an overall strategic retirement plan. George Vrban, a name synonymous with expertise and trust in the reverse mortgage industry, reached a personal and professional milestone by obtaining

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Rate’s Jesse Allen on the progress of a reverse mortgage revamp

In November, Chicago-based mortgage lender Rate — formerly known as Guaranteed Rate — announced that it was “revamping” its dedicated reverse mortgage division by appointing two longtime industry veterans to lead its efforts with older borrowers. Industry veteran Jesse Allen, formerly of OneTrust Home Loans and American Advisors Group (AAG) is now leading the division

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Like other states, Colorado confronts realities of the ‘silver tsunami’

When looking at the fastest-growing state populations for residents 60 and older, Colorado is not at the top of the list, but it’s close. Outstripped only by Alaska and Wyoming, respectively, Colorado and Oregon have seen their shares of older residents increase by 1.9% between 2013 and 2023. This has led some state residents to

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Reverse mortgage LOs share appraisal challenges at NRMLA event

Reverse mortgage originators often remain a key point of contact for their clients from initial consultation to long after the loan closes. But getting to the closing table can come with its own set of unique challenges, whether it comes from rules that govern the Home Equity Conversion Mortgage (HECM) program or the potential bias

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Social Security sees ‘dramatic’ spike of 276,000 applications

Social Security benefits are often a key for older Americans as they seek to determine how much money they will be able to live on in retirement. But the program has been a source of stress in the federal government for years, exacerbated by the unwillingness of lawmakers to make any major changes to the

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Longbridge wins partial preliminary injunction against Mutual of Omaha

The federal judge overseeing the case brought by reverse mortgage lender Longbridge Financial against market leader Mutual of Omaha Mortgage over allegedly deceptive advertising practices has ruled that some of Longbridge’s claims warrant limited injunctive relief, finding that “the law and facts clearly favor some of Longbridge’s claims.” The order was handed down Tuesday by

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