FAR parent updates investors on AAG integration, business performance

Finance of America Companies (FOA), parent company of industry-leading reverse mortgage lender Finance of America Reverse (FAR), released a new “investor update” this week to update shareholders and other stakeholders on different elements of its reverse mortgage business including its strategic ini
Read MoreNAR alternative now has 3,800 members

R New York, a brokerage boasting approximately 800 agents, has joined the American Real Estate Association, an alternative to the National Association of Realtors (NAR), according to The Real Deal. The American Real Estate Association’s membership increased by nearly 30% after the absorption of R Ne
Read MoreCEO of Canada’s leading reverse mortgage lender announces retirement

HomeEquity Bank, the leading reverse mortgage lender in Canada and a Schedule I federal bank in the country, announced on Wednesday that its longtime president and CEO Steven Ranson will retire effective June 30.“We have achieved what I set out to achieve many years ago; to establish reverse mortgag
Read MoreFDIC finds banks violated RESPA on mortgage brokerage payments

Mortgage brokers’ compensation is in the spotlight after a recent Federal Deposit Insurance Corporation (FDIC) test concluded that some financial institutions failed to prove that payments were “reasonably related” to the value of services provided. In its March Supervisory Highlights, the FDIC stat
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