Reverse

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

Charith Rodrigo joins company from American Advisors Group.

Decline comes after previous month’s 10-year high