Court Rules in Favor of Nationstar in Reverse Mortgage Servicing Portfolio Dispute

A dispute arising out of a 2015 purchasing agreement where Nationstar Mortgage acquired the reverse mortgage servicing portfolio of former reverse mortgage lender Generation Mortgage has been decided in favor of Nationstar, which has sought indemnification from Generation over certain losses on the purchased servicing portfolio. This is according to court documents obtained by RMD. […]

Major Ratings Firm Issues Second-Highest Ranking to Top Reverse Mortgage Lender

Global credit rating agency DBRS Morningstar has assigned a “good” ranking to Mahwah, N.J.-based reverse mortgage lender Longbridge Financial, in a move that Longbridge says will help to facilitate the creation of new products and features it can offer borrowers in the months and years to come. This is according to a release this week […]

Longbridge Releases New Mobile App for Loan Servicing

Mahwah, N.J.-based reverse mortgage lender Longbridge Financial announced today the launch of a new mobile application (or “app”) designed to offer servicing information and interaction to its borrowers. Based on the tools offered by the servicing website the company launched in 2019, the app is available now for Apple devices running iOS from the platform’s […]

Fairway Bolsters Training Efforts With Hultquist Hire

Fairway Independent Mortgage Corporation’s reverse mortgage division has hired reverse mortgage educator Dan Hultquist, an industry veteran and author of the informational book Understanding Reverse, as its new national reverse training specialist. Hultquist will be involved in onboarding and educating the approximately 4,000 national loan officers employed by the lender on referring, originating, and marketing […]

FAR Expands Retail Sales Team, Citing Market Demand

Finance of America Reverse (FAR) announced on Tuesday the hiring of Mary-Alice Cárdenas as a reverse mortgage consultant, citing the additional market demand created by difficult retirement conditions including the COVID-19 pandemic as key in focusing on expanding its product availability to key areas of the country. Based in the San Francisco Bay Area, Cárdenas […]

Liberty Parent Posts Strong Results, Cites Reverse as Key to Portfolio Diversity

Ocwen Financial Corporation (NYSE: OCN), parent company of top 5 reverse mortgage lender Liberty Reverse Mortgage, today announced strong fourth quarter 2020 earnings results and cited its reverse mortgage division as a continuing driver of profitability in an earnings call taking place on Wednesday morning. As the company continues to implement practices to further stabilize […]

Reverse Mortgage Leaders: 2021 is Cause for Optimism, Innovation and Growth

Though the onset of the COVID-19 coronavirus pandemic caused a great deal of turbulence and uncertainty in different parts of the reverse mortgage business, indications from lenders, brokers and originators signify that the economic situation created by the unique moment created additional interest in the reverse mortgage product category. For the new year, that has […]

Fairway Hires Former HBO Exec to Develop Media Content

Fairway Independent Mortgage Corporation announced on Tuesday that it has hired Kirby Bradley as its new Chief Content Officer, who has been charged with the task of creating content for the lender across multimedia to communicate the products and services it provides. Bradley spent over 20 years of his career at premium cable network Home […]