Reverse

The Mortgage Bankers Association has urged the FHA and Ginnie Mae to modernize and overhaul the HECM and HMBS programs to expand senior access, cut costs, and restore market liquidity

PHH has agreed to sell reverse mortgage servicing rights, comprised of approximately 40,000 Ginnie Mae HECM loans, with an unpaid principal balance of $9.6 billion, as PHH becomes the subservicer for the reverse MSRs under a three-year agreement

Kari Van Kleef joining a growing team of reverse mortgage professionals

Having brokered-out reverse loans historically, the move adds a new channel to the Texas-based lender's offerings.

High rates also reduce how much one can borrow against their home equity, AARP reports.

Says it is working with state regulators to ensure fairness in advertising and teach consumers where to go for help.

South Carolina mortgage company hires industry vet to run the operation

PHH, a subsidiary of Ocwen Financial, says deal offers opportunity to grow its reverse subservicing portfolio.

Decision OK'd after one-day delay for reverse mortgage lender to provide additional funding information.

The development work group will analyze and develop standards for reverse mortgages.