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.

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 ...

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 reverse market ...

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, ...

More than 45 House Republicans joined major insurance associations in urging FHFA Director William Pulte to withdraw new ...

The largest reverse mortgage lender in the country, Mutual of Omaha accounted for over 22% of the market in 2024. It offers both FHA-backed Home Equity Conversion Mortgages (HECMs) and a proprietary ...

RICHMOND, Va. -- Brad Friedman of ReverseMortage. Pro joined us to share more about the benefits of this form of lending. For more information, give them a call at 804-977-1700 or visit the website.

When you inherit a home with a reverse mortgage, you're given six months to pay off the balance, or up to a year if you can get the deadline extended. It's best to work with the loan servicer to avoid ...

For many seniors, one of the biggest concerns when approaching retirement is what to do with their home. Two of the most common options are taking out a reverse mortgage or selling their home outright ...