If you're at or near retirement and looking for a new mortgage, it might call for more preparation than any previous home purchases. While many in their 60s and 70s are still working full time and ...

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

Now that rates are higher—the 30-year mortgage rate stands at 6.2%, compared with 2.7% in early 2021—they are loth to move.

Ellington Financial expands commercial mortgages, posts Q3 earnings growth, and eyes rate-cut tailwinds for medium-term gains ...

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

A reverse mortgage is designed for homeowners 62 or older that allows them to convert part of the equity in their home into ...

Onity Group will sell $9.6 billion in reverse mortgage servicing rights to Finance of America and exit the reverse ...

PHH Mortgage to sell reverse mortgage assets and enter into subservicing agreement, repositioning its participation in the reverse market Estimated net proceeds to be approximately $100 to $110 millio ...

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 ...

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

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, ...