Happy Friday! The weekend is only a few hours away, but before you take off, check out the top reverse mortgage news stories grabbing the attention of RMD readers this past week:
RMS President Ousted in Major Walter Leadership Shake-Up—The president of top-10 industry lender Reverse Mortgage Solutions, Inc. was recently released from the company as part of a larger leadership shake-up at parent company Walter Investment Management Corp. (NYSE: WAC), sources close to the company confirmed.
Why Financial Advisors Must Accept Reverse Mortgages in Retirement Planning—The negative perception surrounding reverse mortgages not only stunts the growth potential for these products to reach a wider consumer audience, but also deters financial planners from recommending the use of home equity for retirement income planning. A recent article published by Investment News discussed why advisors should take another look at using reverse mortgages to support responsible retirement spending.