American Advisors Group, a reverse mortgage lender based in Irvine, Calif., will remove Peter Graves' image from its national television advertising following the actor's passing. Since October 2009, Mr. Graves had been the celebrity spokesman for the company. In a statement, AAG chief executive Reza Jahangiri said, "We will talk with his family and representatives at a later date about the future. Peter Graves was selected as AAG's spokesperson because of the man he was on and off the camera. He represented everything AAG aspires to be-trustworthy, respectful, intelligent and positive. We felt his values reflected ours, and our professional relationship was always positive for both parties." In an AAG press release earlier this year, Mr. Graves commented about why he was selected as a celebrity spokesman for reverse mortgages. "Well, it's a compliment certainly and I am humbled by the trust seniors have placed in me." Mr. Graves is best known for his role as Jim Phelps in the television series "Mission Impossible" and for his comedic turn as Captain Clarence Oveur in the movie "Airplane!"
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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.
April 16 -
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.
April 16 -
Three-quarters of buyers assume AI has already been embedded in the housing ecosystem, but 55% would prefer to work with a human to secure a mortgage.
April 16 -
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.
April 16 -
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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