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2019’s Best Reverse Mortgages (Banks & Non-Bank Lenders Compared)
Instantly Compare the 2019’s Best Reverse Mortgages with ARLO™, offering real-time eligibility, side-by-side loan comparisons and expert recommendations. (Secure - No SSN Required)
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When it comes to getting a reverse mortgage, you may start by wondering what type of lender to work with, and specifically: which banks offer reverse mortgages. Perhaps you used a national or regional bank for a mortgage loan in the past as many of the big banks offer mortgage lending services.It’s also possible you worked with a non-bank... Read Full Article
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Across the reverse mortgage lender landscape, there are a variety of company types: banks and non-banks; large national lenders; and small regional ones. Over time, many large banks have exited the reverse mortgage business, while independent non-bank lenders today comprise most of the reverse mortgage volume. Still, there are changes that take place within the lender landscape from... Read Full Article
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A reverse mortgage, when used correctly can add stability to your retirement years and selecting the right reverse mortgage lender to originate your loan is an important first step. We created this Lenders Review Guide to provide insight into how lenders are rated and how reviews are collected across the web, (including independent and sponsored review sites). With a federally... Read Full Article
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Today, most reverse mortgages are closed by non-bank mortgage lenders across the U.S. But going back a few years, most reverse mortgage volume was conducted by big, national banks. Among those lenders was MetLife Bank, which used to be operated by the large national insurance provider MetLife. In fact, at one time, MetLife was the largest Home Equity Conversion... Read Full Article
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5 Memorable Reverse Mortgage Spokesmen Reverse mortgages have had many famous faces over the years. From iconic television and film actors to a one-time U.S. presidential candidate, celebrities from all walks of life have espoused the many advantages that a reverse mortgage can provide for older homeowners in their retirement years. While spokesmen have come and gone over the... Read Full Article
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Hi Arlo, My Father passed away on 5/15/19 at 91 years of age. He divorced his second wife of 12 years in 2007. She has since returned to her home country of Mexico with no further family contact since then. She quitclaimed her interest in the property in exchange for a $70,000 financial settlement with funds obtained from their... Read Full Article
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What if my reverse mortgage with Ditech/Reverse Mortgage Solutions (RMS) files chapter 11 bankruptcy? - Hilda Hello Hilda, I believe you are referring to the letter that went out to all customers of Ditech Financial, LLC, Reverse Mortgage Solutions, Inc. (RMS) and their affiliates. We cannot give you legal advice so this is a quick reminder of how... Read Full Article
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The national reverse mortgage landscape comprises lenders large and small. Some are regional, some are national; some are banks, others are non-bank lenders. Over the course of the last 10 years, the lender landscape has shifted from one that had several banks, to today where most of the top lenders by volume are non-bank mortgage lenders. One of... Read Full Article
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Many years ago, some of the biggest banks in the nation offered reverse mortgages. Among them, Wells Fargo was one of the largest lenders in the U.S. Home Equity Conversion Mortgage (HECM) market. Today that is no longer the case. Wells Fargo was at one time the largest reverse mortgage lender in the country. It was only a short time... Read Full Article
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Back in the early 2000s, much of the volume of reverse mortgages in the U.S. was attributed to big banks, including Bank of America. Today, that landscape has changed. Bank of America began in the reverse mortgage space with a small retail channel, before ramping up its operations through the acquisition of Seattle Mortgage reverse mortgage business in... Read Full Article
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