twitter linkedin
facebook google+

Mortgage News

News by Subject
Complete list of specialty news sections.

Purchase Subscription
Subscribe to and get immediate access to all news, statistics and archives.

Mortgage Advertising
Reach mortgage executives, loan originators and other people tied to mortgage industry.

Consumer Mortgage News
Free mortgage news for prospective borrowers.

Mortgage Newsletter
Free e-mail newsletter with the latest headlines from

Mortgage News Reprints
Put entire stories in your online or printed newsletter or publication.

Mortgage Feedget RSS code
Condensed stories free on your Web site or for your RSS reader.

News Archives
Archive of stories by month going back to 1999.

Press Releases
Reports and announcements from

Mortgage Statistics
Data and statistics for real estate finance.

Mortgage Directories
Directories of lenders, branch operators and mortgage service providers.

Mortgage Graphs
Directories of lenders, branch operators and mortgage service providers.

home subscribe advertise reprints e-mail help RSS about us LOG IN

Mortgage News


Mortgage News

HOT Topics









site map
Mortgage Employment News | Employment Index | Employment Statistics
Job additions, layoffs and employment lawsuits. Employment data from the Department of Labor, state tracking, reports and analysis. Job finding tips.

Biggest Reverse Mortgage Lender Opens Forward Biz

Dozens of hirings planned

Feb. 7, 2018

By Mortgage Daily staff

The country's largest originator of federally insured reverse mortgages has begun offering traditional mortgages for its mostly older customers. Dozens of hirings are planned.

Last year, American Advisors Group was responsible for a record 12,775 home-equity conversion mortgages that were endorsed by the Federal Housing Administration, according to data from Reverse Market Insight.

That was the most HECMs originated by any FHA mortgagee, more than twice as many as the next-biggest lender, and 22 percent of all HECMs endorsed by FHA during 2017.

Now, the Orange, California-based company has begun making traditional mortgages.

According to an announcement Wednesday, AAG began offering forward mortgages last year to prospects generated through its advertising.

"AAG interacts with more than 400,000 older Americans every year, many responding to the company's TV advertisements featuring acclaimed actor Tom Selleck," today's statement said.

Now the company, which was founded in 2004 by its chief executive officer -- Iranian refugee Reza Jahangiri -- is opening an office in Folsom, California, to handle traditional mortgages for borrowers in Northern California.

By the end of this year, AAG hopes to hire up to 80 loan originators.

The planned hirings follow last year's addition of 25 employees at a new Austin, Texas, operations center where AAG plans to fill another 125 positions.

"For many retirees, income from savings and retirement accounts isn't enough to cover expenses, and they experience a significant drop in their quality of life," Jahangiri said in today's statement. "At the same time, older Americans have amassed over $6.5 trillion in home equity. What we've seen is that when seniors include home equity in their retirement planning, proactively, they have better outcomes."

AAG news

next story

back to current headlines

Reverse Mortgage News
Home equity conversion mortgages, HECM lenders and HECM reports. Reverse mortgage lending issues, analysis and compliance.
Logout forgot

SUBSCRIBERS: Edit Subscription | Subscription Help | or call 214.521.1300

Subscribe Contact Us Site Map

Copyright © 2017 Mortgage Daily, D a l l a s
Subsribers Only:

AMC directory

ARM indexes

mortgage company directory

mortgage regulations

net branch directory

p r i c i n g engine directory

wholesale lender directory

More Mortgage News Resources (full site map):

advertising news

appraisal news

bank news

biggest lenders

commercial mortgage news

corporate mortgage news

credit news

FHA news

financial regulation news

foreclosure news

free mortgage news

GSE news

jumbo mortgage news

interest rates

loan modification news

loan originator survey

LOS Newsletter


mortgage associations

mortgage-backed securities

mortgage books

mortgage brokers

mortgage compliance

mortgage conferences

mortgage directories

mortgage education

mortgage employment

mortgage employment index

mortgage executives

mortgage fraud

mortgage fraud blog

mortgage fraud local news

Mortgage Fraud Index

Mortgage Graveyard

mortgage insurance news

mortgage lawsuits

mortgage leads

mortgage lender ranking

mortgage licenses

mortgage litigation

Mortgage Litigation Index

Mortgage Market Index

mortgage mergers

mortgage news

mortgage politics

mortgage press releases

mortgage production

mortgage public relations

mortgage rates

mortgage servicing

mortgage statistics

mortgage technology

mortgage video

mortgage Webinars

net branch

net branch directory

nonprime news

origination news

originator tools

real estate news

refinance news

reverse mortgage news

sales blog

secondary marketing

social media

servicing news

subprime news

wholesale lenders

wireless mortgage news