Read about the latest happenings in companies across the reverse space. Have exciting news to share? Email us to see it in print!
Urban Financial Group and Knight Capital Group Launch Relief Effort for Oklahoma Tornado Victims
Urban Financial Group and parent company Knight Capital Group have launched a campaign to raise funds for those affected by the devastating tornados that struck Oklahoma on May 20. The OK Relief campaign raised $50,000 to aid in the relief of the storms’ victims. The donations will be distributed through AmeriCares, American Red Cross and The Salvation Army. “As the CEO of Knight’s Oklahoma-based subsidiary, I am proud that our company, parent company, employees and Knight teammates have enabled us to give back to our Oklahoma neighbors in this time of need,” said Steve
McClellan, president of Urban Financial Group.
Celink Sponsors Center for Grieving Children
Reverse mortgage servicer Celink has become a leading sponsor for Ele’s
Place, a center for grieving children in Lansing, Michigan. Celink has sponsored the construction of the center’s “teen zone” and nearly two dozen employees have volunteered their time to help paint the new addition. “I couldn’t be prouder of the generous outpouring of time and energy to public service that our people have demonstrated,” said Celink President and COO Ryan LaRose.
One Reverse Surprises Senior Contest Winner with $10,000
Check
As part of its Boost Your Retirement Giveaway sweepstakes, One Reverse Mortgage has awarded contest winner Pamela Esenwine from Gilford, New Hampshire, a $10,000 check. Two runners-up received $5,000 each. The Boost Your Retirement Giveaway sweepstakes received 120,000 entries from across the country. “There is no greater satisfaction than knowing we can help the winners enjoy the retirement they dreamed of or help them get some relief from financial burdens,” said One Reverse CEO Richard Mandell.
New View Advisors Assists Waterfall Asset Management in Reverse Mortgage Securitization
New View Advisors was Financial Advisor to Waterfall Asset Management on its $140 million securitization of proprietary reverse mortgage loans, Senior Homeowner Assistance Program, Reverse Mortgage Loan Trust 2013-RM1. The Mortgage-Backed Notes transaction closed May 10, 2013.
