Reverse

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

GreenPath data suggests more seniors are arriving later in the financial cycle, limiting flexibility for loan structuring

Endorsements rise month over month, but flat annual volume and growing proprietary competition reshape opportunity for LOs

New HomeSafe second line of credit targets equity-rich homeowners seeking access to cash without refinancing into higher rates or taking on monthly payments

George Morales, National Sales Director at Mortgage Cadence, has been elected to the NRMLA Board of Directors, where he will help guide reverse mortgage industry policy, modernization, and consumer-focused innovation

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

Kari Van Kleef joining a growing team of reverse mortgage professionals

Having brokered-out reverse loans historically, the move adds a new channel to the Texas-based lender's offerings.

High rates also reduce how much one can borrow against their home equity, AARP reports.