By the Division of Banks
Only the following reverse mortgage programs and lenders are approved in the Commonwealth:
- Allied Home Mortgage Capital Corporation - Approved to offer the HUD Home Equity Conversion Mortgage ("HECM").
- Bank of America, N.A. - Ceased originating reverse mortgage loans on April 29, 2011.
- Belmont Savings Bank - Approved to offer HECM in conjunction Financial Freedom Senior Funding Corporation.
- Bridgewater Savings Bank - Ceased originating reverse mortgage loans on June 28, 2011.
- Eastern Bank - Approved to offer HECM in conjunction with MetLife Home Loans, a Division of MetLife Bank, N.A.
- Financial Freedom Senior Funding Corporation - Ceased originating reverse mortgage loans on March 31, 2011.
- First Mariner Bank d/b/a Next Generation Financial Services - Approved to offer HECM, HomeKeeper, and Cash Account Reverse Mortgage Loan Program.
- Gateway Funding Diversified Mortgage Services - Approved to offer HECM and Homekeeper.
- Generation Mortgage Company - Approved to offer HECM.
- Genworth Financial Home Equity Access, Inc. (f/k/a Liberty Reverse Mortgage, Inc.) - Approved to offer HECM and HomeKeeper.
- GMAC Mortgage Corporation - Approved to offer HECM.
- Hanscom Federal Credit Union - Approved to offer HECM in conjunction with Members Trust Company, FSB.
- Homeowner Options for Massachusetts Elders HOME Programs.
- James B. Nutter & Company - Approved to offer HECM.
- Live Well Financial, Inc. - Approved to offer HECM and Homekeeper.
- Members Trust Company, FSB - Approved to offer HECM through credit unions approved by the Division.
- Merrimack Mortgage Company, Inc. - Approved to offer HECM in conjunction with Financial Freedom Senior Funding Corporation.
- MetLife Home Loans, a Division of MetLife Bank, N.A. is an approved reverse mortgage lender and is approved to offer the HUD HECM.
- One Reverse Mortgage, LLC - Approved to offer HECM.
- Plaza Home Mortgage, Inc. - Approved to offer HECM in conjunction with Generation Mortgage Company.
- Ross Mortgage Company. - Approved to offer HECM in conjunction with J. B. Nutter & Company and Financial Freedom Senior Funding Corporation.
- Salem Five Mortgage Company, LLC, a wholly-owned subsidiary of the Salem Five Cents Savings Bank
Approved to offer HECM in conjunction with MetLife Home Loans, a Division of MetLife Bank, N.A. - Southbridge Savings Bank-Approved to offer HECM in conjunction with American Home Bank Reverse, a division of First National Bank of Chester County.
- Susquehanna Bank formerly known as Graystone Mortgage a division of Graystone Tower Bank - Approved to offer HECM
- The Cape Cod Five Cents Savings Bank - Approved to offer HECM in conjunction with Financial Freedom Senior Funding Corporation.
- The Savings Bank - Approved to offer HECM in conjunction with Financial Freedom Senior Funding Corporation.
- Union Trust Mortgage Corporation - Approved to offer HECM.
- Urban Financial Group, Inc. - Approved to offer HECM.
- Village Capital and Investment, LLC d/b/a Village Home Mortgage - Approved to offer HECM in conjunction with James B. Nutter & Company.
- Wells Fargo Home Mortgage - Approved to offer HECM and the Homekeeper.
Reverse Mortgage Loans: What Borrowers Need to Know