Finance of America Equity Capital LLC, a portfolio company of Blackstone Group, Inc. and parent company to leading reverse mortgage lender Finance of America Reverse (FAR), has released its earnings for the third quarter of 2020 ahead of its anticipated initial public offering (IPO) that will make the company publicly traded. This helps to provide […]
The reverse mortgage portion of the Federal Housing Administration’s Mutual Mortgage Insurance Fund (MMIF) continues to stand at a negative capital ratio on the overall government-backed portfolio, according to an annual actuarial review of the fund’s finances released late last week. However, its negative value over the past year has been almost entirely diminished, sitting […]
Industry-leading reverse mortgage lender American Advisors Group (AAG) is preparing for the upcoming Veterans Day holiday in the United States by holding an event designed to communicate the potential benefits of a reverse mortgage loan specifically for seniors who are also veterans of the United States military. Facilitated by the recent feature of AAG in […]
Mortgage investment firm Ellington Financial LLC (NYSE: EFC) released its Q3 2020 earnings results, and has once again touted the success of top reverse mortgage lender Longbridge Financial, describing the lender’s performance as pronounced particularly as seniors continue to find new sources of cash flow due to the COVID-19 coronavirus pandemic. In an earnings call […]
As the impact of the COVID-19 coronavirus pandemic continues to affect the lives of millions of people all across the United States and around the world, the guidance handed down from health officials strongly suggests that people maintain social distance and refrain from spending time in crowds whenever possible. This has led to the wide […]
While the major players composing the top 10 reverse mortgage lenders has remained pretty consistent for the majority of 2020, the rankings within those top 10 have shifted as lenders have found themselves acclimating to a heightened business climate stemming from a low interest rate environment, and the additional pressure on seniors’ finances caused by […]
Finance of America Companies, parent to leading reverse mortgage lender Finance of America Reverse (FAR), will be making an initial public offering (IPO) with a valuation of $1.9 billion, upon a merger with a special-purpose acquisition company (SPAC). The public route being taken by Finance of America is because of the company’s investors, while the […]
Ocwen Financial Corporation (NYSE: OCN), parent company of top 5 reverse mortgage lender Liberty Reverse Mortgage, announced in an earnings call on Tuesday that it has posted its fourth consecutive quarter of positive adjusted pretax income as it has aggressively sought to return to profitability. In the midst of that announcement, the company also touted […]
Finance of America Equity Capital LLC, a portfolio company of Blackstone Group, Inc. and parent company to leading reverse mortgage lender Finance of America Reverse (FAR), is set to make an initial public offering (IPO) with a valuation of $1.9 billion, upon a merger with a special-purpose acquisition company (SPAC). The news was first reported […]
Southfield, Mich.-based 1st Nations Reverse Mortgage, a division of Midwest Loan Solutions, is eyeing a broader national “debut” within the reverse mortgage industry by rolling out a new television advertising campaign, as well as introducing its own proprietary reverse mortgage product. With an eye toward increasing its presence in the reverse mortgage market nationally, 1st […]
