July 3, 2024
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Mortgage

South River president on 2024 reverse mortgage industry’s competitive landscape

  • June 24, 2024

Top 10 reverse mortgage industry lender South River Mortgage is aiming to focus on its strengths. In addition to offering a proprietary reverse mortgage product option and transitioning last year from a broker to a direct lender, the company is focusing on its core business while staying engaged with the broader industry dynamics. South River

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Mortgage

Open Mortgage has FHA direct endorsement authority terminated in Iowa

  • June 11, 2024

The U.S. Department of Housing and Urban Development (HUD) has terminated the Federal Housing Administration (FHA) direct endorsement approval for Open Mortgage in Iowa.  “HUD placed Open Mortgage on credit watch for the Des Moines HOC [homeownership center], which only impacts our loans in Iowa,” Christopher D’Auria, president and CEO of Open Mortgage, told HousingWire.  

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