Reverse

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

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

Company decentralizes its operations and creates Reverse Advisory Council.

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. 

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

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

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

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

RMI report shows HECM loans in September at lowest point in 2.5 years.

Stewart also signed an agreement to acquire FNC Title of California, pending regulatory approval