Finance of America Reverse LLC

Acquisition of approximately 20,000 HECM loans from Onity strengthens the company's servicing platform while establishing a three-year subservicing partnership

Murphy, Baucum, and Urban join the company in key leadership roles focused on growth, innovation, and consumer education

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

While economic and personal financial concerns intensify, many overlook vast home equity potential as a financial cushion.

Also names Graham A. Fleming its CEO and promotes Kristen N. Sieffert to president.

U.S. homeowners age 62 and older hold more than $10.6 trillion in housing wealth.