Senior Financial to acquire Liberty Reverse MortgageMortgagePress.comReverse mortgage companies
Senior Financial Inc. has agreed to purchase Liberty Reverse
Under the terms of the agreement, Senior Financial will pay $50
million for Liberty Reverse at closing, as well as possible
performance-based compensation. Pending government approval, the
transaction is expected to be finalized during the fourth quarter
Senior Financial Inc. is a subsidiary of Genworth Financial
Inc., a financial security company based in Richmond, Va. For more
information, call (888) 436-9678 or visit www.genworth.com.
Liberty Reverse Mortgage Inc. is a reverse mortgage lender based
in Rancho Cordova, Calif. For more information, call (800) 218-1415
or visit www.libertyreverse.com.