Reverse Mortgage Funding is taking a new approach to borrower qualification for its proprietary Equity Elite products, in an aim to enhance the experience for both the borrower and the originator.
The court-appointed trustee of Live Well Financial has filed suit in bankruptcy court against former CEO Michael Hild and several alleged co-conspirators in an effort to recoup purported damages against the now-defunct reverse mortgage lender.
Reverse Mortgage Funding (RMF) has expanded its footprint by opening a new office in Honolulu, and is now able to originate and underwrite both FHA-backed and proprietary reverse mortgage products across the state. We sit down with key personnel to discuss the significance of this move for the lender.
FAR has been certified by Great Place to Work based solely on a series of positive reviews from active employees.
RMF announced that it has joined Meals on Wheels’ “Momentum Circle,” with company president David Peskin telling RMD that the impacts of the COVID-19 pandemic on seniors helped illustrate that the demographic has many remaining unmet needs.
A wholesale and correspondent mortgage lender with a history of investing in reverse mortgages has been hit with a class action lawsuit stemming from an IPO at the beginning of the year.
Liberty Reverse Mortgage President Mike Kent sat down with RMD to discuss some of the ways in which the recent acquisition by the lender’s parent – Reverse Mortgage Solutions – could affect the company and the industry landscape.
A mortgage lender which offers both forward and reverse products has been named a top workplace in the Washington, D.C. area by the Washington Post.
Liberty Reverse Mortgage parent company Ocwen Financial Services has announced that its subsidiary PHH Mortgage Corp has acquired the operations, employees and assets of Reverse Mortgage Solutions (RMS) from its previous owner, Mortgage Assets Management, LLC (MAM).
Sentencing for an alleged co-conspirator in a bond fraud scheme for which a former reverse mortgage executive was convicted has been delayed, while the lender’s pending case by the SEC has been stayed for the moment.