Today we are pleased to announce that HW Media I bought Reverse mortgage daily (RMD) is the premier independent source of news, commentary and analysis in the reverse mortgage industry.
FROM RMD was founded Aging Media Network President John Edinak’s 2007 publication focused on becoming the industry’s leading news source by offering a down-to-earth, personal and independent look at reverse mortgages. The values and strategy promoted by the founders and the RMD team are perfectly aligned with the values and strategy of HW Media. RMD will continue to be the leading industry news source and its readers will benefit from the resources and lenses of the HW Media housing industry. HW Media and Housing Wire The team is thrilled to be working with RMD Editor Chris Clough to bring this strategy to life.
Aging Media Network, Inc. was owned and operated prior to the RMD acquisition.
“I am thrilled that the future of RMD is in the hands of HW Media and I am confident that they have the resources and commitment to take it to the next level,” said John Edinak, founder of Reverse Mortgage Daily.
When creating HW Media, part of my job is to hire and empower the best business media professionals to cover news, create content and serve our audience and clients. Another equally important priority is to have an idea of where the housing and financial services markets are heading and to ensure that we are strategically moving in the right direction. A trend that cannot be ignored is the aging of the population and its impact on the housing market.
Over the next 20 years, the percentage of Americans over 65 is expected to increase from less than 15% to over 20% of the population. But this growing demographic has a problem – the retirement wealth of the 401k Baby Boomers and IRAs are markedly lower than for those who survived the early baby boomers who saved for retirement through defined benefit plans. …
According to City Institute, the share of homeowners aged 65 and over is approaching 80%. With underfunded pension savings mechanisms, equity capital may be one of the most important financial assets for financing a comfortable pension. I believe that HECM products will continue to grow in importance as a critical equity-raising tool for our aging homeowner population.
The combination of RMD and HW Media will not only support RMD’s ongoing independent coverage of the reverse mortgage market for reverse mortgage professionals, but will also help spread this knowledge to HW’s wider audience of forward mortgage and real estate professionals.
If you want to know more about RMD, please check Reverse Mortgage Daily website and follow daily newsletter… In the coming months, we will have more updates and announcements regarding RMD integration into HW Media, as well as exciting events and content launches.
As we look to the future, HW Media’s strategy will continue to be to acquire, manage and develop amazing media and content brands in the real estate, home finance and financial services industries. We strive to support and strengthen the voice of any media brand that joins us and provide the resources to help them grow faster with expanded ambitions. We will accelerate business development and increase capabilities by providing administrative support, new product capabilities, and expanding distribution across our network.
We have spent the last five years building our diversified revenue model, technology platform and world-class business media team. This work and learning will benefit new media brands that will join us, and we will also learn and grow stronger by leveraging their experience and knowledge. We are confident that we are creating a platform that will influence business media and shape their future.