These loans allow older homeowners to borrow against their home equity. But unlike a traditional loan, you don’t have to make a monthly mortgage payment when you take out a reverse mortgage. Instead, ...

In the wake of PHH’s exit from reverse mortgages, FOA outlines its strategy to absorb PHH’s $9.6B HECM portfolio and prepare ...

Retirees often struggle to operate on a fixed income — but today's economy, with its rising prices and increasing costs of living, makes things even harder. Fortunately for homeowners, there are ...

We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. A reverse mortgage is withdrawn from what is likely your most important ...

A reverse mortgage can be a useful way to access the value of your home without having to sell it. This is a form of lending intended for, and typically restricted to, older households. That said, ...

A reverse mortgage is designed for homeowners 62 or older that allows them to convert part of the equity in their home into cash. On its face, a reverse mortgage may sound like a ...

Older Americans hold $14 trillion in home equity, and 25% of first-time buyers get family help for down payment assistance.

Finance of America is buying Onity's MSRs and loan pipeline in this niche as PHH retains its role as a subservicer and ...

Recently, the Department of Housing and Urban Development (HUD) solicited feedback on how to enhance the HECM program.

PHH Mortgage to sell reverse mortgage assets and enter into subservicing agreement, repositioning its participation in the reverse market ...

In connection with the transaction, Finance of America will also acquire PHH’s pipeline of reverse mortgage loans, bring select members of PHH’s experienced origination team into its platform and ...