Lorem ipsum dolor sit amet, consectetur adipiscing elit lobortis arcu enim urna adipiscing praesent velit viverra sit semper lorem eu cursus vel hendrerit elementum morbi curabitur etiam nibh justo, lorem aliquet donec sed sit mi dignissim at ante massa mattis.
Vitae congue eu consequat ac felis placerat vestibulum lectus mauris ultrices cursus sit amet dictum sit amet justo donec enim diam porttitor lacus luctus accumsan tortor posuere praesent tristique magna sit amet purus gravida quis blandit turpis.
At risus viverra adipiscing at in tellus integer feugiat nisl pretium fusce id velit ut tortor sagittis orci a scelerisque purus semper eget at lectus urna duis convallis. porta nibh venenatis cras sed felis eget neque laoreet suspendisse interdum consectetur libero id faucibus nisl donec pretium vulputate sapien nec sagittis aliquam nunc lobortis mattis aliquam faucibus purus in.
Nisi quis eleifend quam adipiscing vitae aliquet bibendum enim facilisis gravida neque. Velit euismod in pellentesque massa placerat volutpat lacus laoreet non curabitur gravida odio aenean sed adipiscing diam donec adipiscing tristique risus. amet est placerat in egestas erat imperdiet sed euismod nisi.
“Nisi quis eleifend quam adipiscing vitae aliquet bibendum enim facilisis gravida neque velit euismod in pellentesque”
Eget lorem dolor sed viverra ipsum nunc aliquet bibendum felis donec et odio pellentesque diam volutpat commodo sed egestas aliquam sem fringilla ut morbi tincidunt augue interdum velit euismod eu tincidunt tortor aliquam nulla facilisi aenean sed adipiscing diam donec adipiscing ut lectus arcu bibendum at varius vel pharetra nibh venenatis cras sed felis eget.
Reverse Mortgage Daily Readers,
Today we are thrilled to announce that HW Media has acquired Reverse Mortgage Daily (RMD) from Aging Media Network, Inc.
Since RMD was founded by John Yedinak in 2007, the publication has focused on being an industry-led news source, offering a down-to-earth, personal and independent perspective on reverse mortgages. The values and strategy fostered by RMD’s founders and team align perfectly with HW Media’s values and strategy. RMD will continue to be an industry-led news source, and its readers will benefit from the resources and housing industry lens of HW Media. I’m thrilled to work with RMD Editor Chris Clow to bring this strategy to life.
“I’m excited about RMD’s future in the hands of HW Media and am confident they have the resources and drive to take it to the next level,” said John Yedinak, founder of Reverse Mortgage Daily.
You all know RMD well, so let me provide a little background on HW. I formed HW Media in 2016 through the acquisition of HousingWire. The vision for HW Media’s business was that we would build a multi-brand business media company focused on real estate, housing finance and financial services markets. HousingWire proved to be the perfect foundation for this strategy, and in the last five years we’ve tripled the number of readers, launched awesome new editorial products and events, and built an incredible community of housing professionals. We’ve also had the opportunity to launch and acquire new brands – including FinLedger and RealTrends.
In building HW Media, part of my job is recruiting and empowering the best business media professionals out there to cover news, create content and serve our audiences and clients. Another equally important priority is having a point of view on where the housing and financial services markets are headed and ensuring that we’re strategically moving in the right direction. A trend that can’t be ignored is our aging population and the impact on the housing market.
Over the next 20 years, the percentage of Americans over the age of 65 is anticipated to expand from less than 15% to over 20% of the population. But this growing demographic has a problem – retirement wealth for “younger baby boomer” cohorts that saved in 401Ks and IRAs is notably lower than for early-Boomers who saved for retirement through defined benefit plans.
According to the Urban Institute, the homeownership rate for seniors ages 65 and older is close to 80%. With underfunded retirement savings vehicles, home equity may prove to be one of the most important financial assets for funding a comfortable retirement. My view is that HECM products will continue to grow in importance as a critical home equity extraction vehicle for our aging population of homeowners.
A component of the operating strategy will be ensuring that the HW Media forward mortgage and real estate agent and brokerage audience segments have access to news and information impacting the reverse mortgage vertical. “This is an exciting development that has the ability to unlock powerful marketing communications opportunities between two previously separate and distinct audiences,” says Ashley Smith, head of marketing and communications at Finance of America Reverse.
The combination of RMD and HW Media will not only support RMD’s continued independent coverage of the reverse mortgage market for reverse mortgage professionals, but will also support the expansion of this knowledge across HW’s broad audience of forward mortgage and real estate professionals.
This is a Moving Markets Forward opportunity.
Sincerely,
Clayton Collins
CEO // HW Media
LinkedIn | Twitter | Email