Reverse Mortgage Funding Lays Off 400
Lender cut 80% of staff a week after pausing mortgage originations.
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
A 53% increase in Specialty Finance and Services (SF&S) segments revenue almost entirely offset the decline in mortgage revenue similarly experienced by the broader market.