Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards

Financial Planning > Behavioral Finance

Firm To Sell Reverse Mortgages Through Bank Group

Your article was successfully shared with the contacts you provided.

NU Online News Service, March 15, 2004, 10:53 a.m. EST – Financial Freedom Senior Funding Corp., Irvine, Calif., has arranged to market reverse mortgages through banks that belong to the Independent Community Bankers of America, Washington.[@@]

Financial Freedom can help participating banks with the lending process as well as with training, customer support, bank support and marketing support.

Financial Freedom, a unit of Lehman Brothers Inc., New York, handles about half of all U.S. reverse mortgage loans.

A reverse mortgage is a vehicle that older homeowners can use to cover living expenses by borrowing against the value of their homes. Borrowers do not have to repay the loans until they permanently move from their homes, Financial Freedom says.


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.