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Guild Mortgage Expands Reverse Mortgage Division
Announces plan after acquiring Cherry Creek Mortgage, a top 10 HECM lender.
Mar 20, 2023
Fairway Overhauls Its Reverse Mortgage Channel
Company decentralizes its operations and creates Reverse Advisory Council.
Jan 30, 2023
Bankruptcy Court Judge OKs Up To $124.5M In Financing For RMIT
Reverse mortgage lender & servicer also faces lawsuit over November layoffs.
Dec 09, 2022
Reverse Mortgage Funding Files Chapter 11 Bankruptcy
Filing for protection from creditors comes just a day after company laid off 400 employees.
Nov 30, 2022
Reverse Mortgage Funding Lays Off 400
Lender cut 80% of staff a week after pausing mortgage originations.
Nov 29, 2022
Reverse Mortgage Funding 'Pauses' Originations
Lender tells partners it won't fund loans that haven't already closed.
Nov 22, 2022
The Reverse Mortgage Refi Boom Is Over
RMI report shows HECM loans in September at lowest point in 2.5 years.
Oct 04, 2022
Stewart Acquires Reverse Mortgage Leader FNC Title Services
Stewart also signed an agreement to acquire FNC Title of California, pending regulatory approval
Oct 04, 2022
Reverse Mortgage Industry Sees April Drop In Loans
Decline comes after previous month’s 10-year high
May 03, 2022
Reverse Mortgage Veteran Joins Steven J. Sless Group
Christopher Hartley will focus on increasing reverse mortgage originations