Archive for August, 2007
Pennsylvania’s top Reverse Mortgage Lenders
Pennsylvania’s top reverse mortgage lenders thru April 2007 according to American Community Survey. The following table shows Pennsylvania’s top 10 originators of HUD HECM (Reverse Mortgage) loans.
Top Pennsylvania HECM Lenders
HECM
Loans
2007
FINANCIAL FREEDOM SENIOR FUNDI
473
WELLS FARGO BANK NA
404
VERTICAL LEND INC
187
M AND T BANK
171
SEATTLE MORTGAGE COMPANY
141
BNY MORTGAGE COMPANY LLC
61
ACADEMY MORTGAGE LLC
56
EMPIRE EQUITY GROUP INC
49
CARDINAL FINANCIAL COMPANY
48
AFC REVERSE [...]
Senior’s Money International goes to Canada
The growing demographic category of elderly homeowners has drawn a New Zealand-based reverse mortgage company to Canada to compete with Canadian Home Income Plan, which has a monopoly in the market.
Canadian Home Income Plan is a subsidiary of publicly traded Home Equity Income Trust, which also operates CHIP Mortgage Trust.
Privately held Senior’s Money International operated [...]