The latest well-known actor to become a spokesman for a reverse mortgage lender is Henry Winkler, whose best known role to members of the Baby Boomer generation was as "the Fonz" in the television sitcom Happy Days. He will be the public face of One Reverse Mortgage, whose parent company, Rock Holdings, also owns Quicken Loans. Jay Farner, chief executive of One Reverse Mortgage, describes Winkler as an actor with "integrity" he feels will be helpful in extending the company's reach with retirees and seniors. Happy Days aired from 1974 through 1984. Winkler played Arthur Fonzarelli, whose age during the show ranged from his late teens through early 20s. But today, Winkler is eligible to apply for a reverse mortgage, as he will turn 65 in October. A video featuring Winkler promoting One Reverse Mortgage can be found on the company's website at www.onereversemortgage.com.
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SecurityNational Mortgage Co. alleges that the larger competitor facilitated the mass resignation of its staff from Glendale and Scottsdale offices.
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The bank's marketing, which hid the nature of its solicitations, led some borrowers to apply for cash-out refis that increased monthly payments, the OCC said.
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While last year was the best for origination income since 2022, annual net servicing revenue for mortgage bankers was approximately 70% below 2024's level.
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Federal Reserve Gov. Stephen Miran Thursday said that the Iran war and tariffs will not have long-term impacts on inflation, but did say he is reconsidering his rate cut outlook for the year.
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This week's Freddie Mac mortgage rate survey shows rates at the lowest in four weeks, but homebuyers are giving mixed signals even with improved purchase power.
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