Reverse Focus

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

HUD released a 2025 shutdown contingency plan for a lapse in funding on September 29

Kinder steps into new role as Traditional Mortgage Acceptance Corp. emphasizes growth in wholesale reverse mortgage

Leslie Meaux Pordzik, a longtime federal housing finance leader, joins the board of Celink’s parent company following her retirement from Ginnie Mae

Kari Van Kleef joining a growing team of reverse mortgage professionals