FOA’s Resch on the evolution of reverse mortgages for financial planning

Financial planners are an important referral source for reverse mortgage professionals, and Finance of America (FOA) vice president of retirement strategies Steve Resch has been at the head of the company’s conversations with planners to help them understand how much utility a reverse mortgage could
Read MoreJonathan Scarpati joins NRMLA board of directors

The National Reverse Mortgage Lenders Association (NRMLA) this week announced that Jonathan Scarpati, senior vice president of wholesale production at Finance of America (FOA), has joined its board of directors for the remainder of the 2024 term. Scarpati is a 20-year reverse mortgage industry veter
Read MoreKeller Williams rescinds changes to its profit-sharing program

Keller Williams’ International Association Leadership Council (IALC) has rescinded the recent changes to its profit-sharing program, according to an announcement on Friday. The changes were first announced in August 2023 during KW’s Mega Agent Camp event. Under the changes, the company cut profit-sh
Read MoreFormer HUD Secretary Marcia Fudge becomes a partner at law firm Taft

About two months after resigning as the 18th secretary of the U.S. Department of Housing and Urban Development (HUD), Marcia Fudge has joined law firm Taft as a partner and chair of public policy, the company announced this week. Fudge will “dedicate a portion of her time to the firm’s ongoing effor
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