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Welcome Harbor Mortgage to The Federal Savings Bank

The Federal Savings Bank Welcomes the Harbor Mortgage Solutions Team, Broadening Reach in Home Equity Conversion Mortgages Chicago, IL.

For immediate release (June 21, 2023). The Federal Savings Bank is proud to welcome the Harbor Mortgage Solutions Team. This not only strengthens the bank’s capabilities in both conventional and home equity conversion mortgages across the United States but also extends local operations and face-to-face consultations in Massachusetts.

Led by Regional Senior Vice President George Downey, the Harbor Mortgage Solutions Team has over 30 years of experience in the mortgage industry. They specialize in reverse mortgages, but their expertise also extends to conventional and jumbo mortgages, further enhancing The Federal Savings Bank’s capacity to cater to diverse financial needs nationwide.

In response to the rising liquidity challenges for seniors, The Federal Savings Bank and the Harbor Mortgage Solutions Team are enhancing their focus on the Home Equity Conversion Mortgage (HECM) program. This FHA-insured reverse mortgage program enables seniors to securely access their home equity with flexible and secure terms. The addition of the Harbor Mortgage Solutions team to The Federal Savings Bank is more than a resource integration—it’s a strategic collaboration to effectively manage the rewards and risks of housing wealth for seniors.

With George Downey, a known figure for his insightful newsletters and appearances on the Senior Bulletin Podcast, at the helm, the Harbor Mortgage Solutions team goes beyond providing mortgage services. They extend their expertise to the community through educational workshops and webinars. Downey’s industry service is significant, including his role as a Director on the board of the National Reverse Mortgage Lenders Association.

To learn more about The Federal Savings Bank, the HECM program, or to schedule a consultation, visit or contact George Downey directly at (781) 843-5553 or [email protected].

Regional Senior Vice President The Federal Savings Bank
(781) 843-5553 | Cell (617) 594-3666 | [email protected]