It’s been a hard year for the reverse mortgage industry, and like other lenders in the space, Resolute Bank has used the down market to rethink its business strategy. In the wake of program changes ...

Days after confirming its exit from the reverse mortgage business, Maumee, Ohio-based Resolute Bank has permanently ceased operating and its remaining customers have been migrated to another nearby ...

The closing of three banks in the span of a week should be viewed as a reason to exercise caution — though it is too early to expect a run of failures. Regulators shuttered City National Bank of New ...