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

Reverse mortgages grew by 6% last year. Here’s why more seniors are borrowing against their homes—and what critics say could ...

Frank Cassidy, who is currently principal deputy assistant secretary at the Department of Housing and Urban Development, will ...

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, ...

The reasons some homeowners would consider alternative financing offered by these companies is that homeowners might have low ...

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 ...

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

Trump administration reclaimed the news cycle with headlines announcing two audacious proposals: Creation of a 50-year ...

Now that’s when it can make sense to stick with one of the big banks. If you’ve got a bigger mortgage, have considerable ...

Mechanics Bancorp (MCHB) is a West Coast regional bank that recently expanded via a reverse merger with HomeStreet, boosting ...