The National Reverse Mortgage Lenders Association (NRMLA) has welcomed Live Well Financial Inc., of Richmond, Va. and Generation Mortgage Company of Atlanta, Ga., as charter members of the association’s new Wholesale Lenders Program. Launched on July 17, the Wholesale Lenders Program provides information to lenders and brokers on delivering reverse mortgages to reputable investors. The reverse mortgage marketplace continues to grow at a rapid pace. The number of lenders approved by the FHA to originate reverse mortgages leaped from 1,001 in January 2008 to 2,461 in June 2009.Read more
More state and national mortgage news and mortgage press releases:
- ABA offers reverse mortgage program through MetLife Home Loans The American Bankers Association (ABA) has announced that it...
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- NMP Mortgage Professional of the Month: Mat Ishbia, National Sales Manager, United Wholesale Mortgage Each month, National Mortgage Professional Magazine will focus on...
- Lend America to launch wholesale mortgage lending platform Lend America, a leading next generation FHA lender, announced...
- FHFA grants one-year extension of refi program Federal Housing Finance Agency (FHFA) Acting Director Ed DeMarco has...
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