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The top five reverse mortgage lenders originated a little more than half of the nation’s Home equity conversion mortgages (HECMs) during the month of June 2016. Beyond those top lenders, the industry is much more fragmented.
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Huron Valley Financial – acquired Home Point Financial’s reverse mortgage business Hypo Real Estate (Germany) – nationalized IBM – cut mortgage jobs in Beaverton, OR IBM – cut jobs at its Seterus loan servicing unit in Beaverton, OR Icon Residential Lenders,
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· Feds’ mortgage policies deny homeownership’ to young Canadians: report Measures such as mortgage stress test are “at cross purposes”.