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Reverse

Coming Up:
Reinventing The Sales Playbook In Wholesale Lending
Webinar
Jun 10, 2025
1:00 pm ET
Guild Mortgage Expands Reverse Mortgage Division

Announces plan after acquiring Cherry Creek Mortgage, a top 10 HECM lender.

Reverse
Mortgage Applications Increase For Second Straight Week

Volume buoyed by drop in interest rates; some hesitancy due to banking concerns.

Analysis and Data
Reverse
Guild Mortgage Acquires Cherry Creek Mortgage

Terms of purchase not disclosed; reverse mortgage volume added to Guild.

Industry News
Reverse
Former Live Well CEO Sentenced to 44 Months In Prison

Prosecutors had sought 15 years in $200M bond fraud scheme.

Courts
Reverse
Fairway Overhauls Its Reverse Mortgage Channel

Company decentralizes its operations and creates Reverse Advisory Council.

Reverse
FHA Announces Pandemic Aid For Seniors With HECMs

The plan helps senior homeowners with FHA-insured HECMs who are behind on required property charge payments due to effects of the COVID-19 pandemic. 

Regulation and Compliance
Reverse
Bankruptcy Court Judge OKs Up To $124.5M In Financing For RMIT

Reverse mortgage lender & servicer also faces lawsuit over November layoffs.

Reverse
Reverse Mortgage Funding Files Chapter 11 Bankruptcy

Filing for protection from creditors comes just a day after company laid off 400 employees.

Reverse
Reverse Mortgage Funding Lays Off 400

Lender cut 80% of staff a week after pausing mortgage originations.

Reverse
Reverse Mortgage Funding 'Pauses' Originations

Lender tells partners it won't fund loans that haven't already closed.

Reverse
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