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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House Democrats on the Financial Services Committee said the more than 400-page Community Reinvestment Act proposal warrants more time for review, given its sweeping implications for community development and bank lending.
September 25 -
Chase Home Lending announced a limited-time rate sale, while Citizens Bank and Bank of America are focused on building up affordability programs.
September 25 -
As tech firms increasingly rely on debt to build out their artificial intelligence buildouts, long-dated U.S. Treasuries are facing heightened competition.
September 25 -
A judge found United Wholesale Mortgage did not break the law in its handling of the retirement plan, which ex-workers say cost them a collective $1.8 million.
September 25 -
New enhancements in business purpose lending by lenders and vendors could help originators looking for new business as conforming rates keep rising.
September 25 -
The compressed timeline could address a key challenge mortgage companies face when considering changing vendors.
September 24









