Generation Mortgage Expands Reverse Product Suite

Posted by Orb Staff on July 22, 2010 No Comments
Categories : Residential Mortgage

a-based [link=]Generation Mortgage Co.[/link], the nation's largest privately owned reverse mortgage company, has introduced a new fixed-rate reverse mortgage product with no origination fee and no servicing fee. The new Home Equity Conversion Mortgage (HECM) loan offering is now available in the reverse mortgage company's retail and wholesale channels. "This attractive option is a function of positive market conditions,’ says Scott Peters, president and CEO of Generation Mortgage. ‘It makes sense for seniors to investigate this option now, as these conditions can change at any time." For its wholesale channel, as of April 1, the reverse mortgage company began offering its brokers and correspondents a fixed-rate HECM loan product option with no servicing fee and no origination fee. SOURCE: [link=]Generation Mortgage

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