Origins: Moving from hospital administration to reverse mortgages

David Heilman, principal for HomeGrown Financial in Mount Pleasant, South Carolina, didn’t feel like he had to shake up his approach to working with seniors when he became involved in the reverse mortgage industry. Having experience in the health care field prior to entering the mortgage business, i

New York spotlights reverse mortgage scam risk on National Senior Citizens Day

In conjunction with National Senior Citizens Day on Wednesday, the New York Department of State’s Division of Consumer Protection is circulating a series of tips that aim to help older adults avoid financial scams and exploitation. One way that bad actors may try to take advantage of older Americans

Mortgage demand slows despite cooling rates

Mortgage rates have been on a declining trend, but demand slowed down last week largely due to fewer refinance applications, an indication that the industry should not expect a mini refi boom yet. Mortgage applications dropped 10.1% for the week ending Aug. 16 compared to the previous week, accordin

Judge tosses FTC rule banning noncompetes, cites lack of authority 

A U.S. District Court judge in Texas on Tuesday blocked a Federal Trade Commission (FTC) rule banning noncompete agreements, which are commonly used in the mortgage and real estate industries. Judge Ada E. Brown of the U.S. District Court for the Northern District of Texas granted plaintiff Ryan LLC