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 […]

Longbridge Investor Files IPO, Cites Reverse Mortgage Program Changes as Risk

Wholesale and correspondent mortgage lender and servicer Home Point Capital, Inc. filed for an initial public offering (IPO) through an S-1 with the Securities and Exchange Commission (SEC) late last week, the latest mortgage entity aiming to become publicly traded on the New York Stock Exchange (NYSE). Home Point, which owns an equity interest in […]

Liberty Parent Ocwen and CFPB Fail to Settle Mediation on 2017 Suit

Liberty Reverse Mortgage and PHH Mortgage Corp parent company Ocwen Financial Corporation announced today that it has concluded its court-ordered mediation process with the Consumer Financial Protection Bureau (CFPB), a process which has failed to produce a settlement. “We are disappointed that settlement discussions with the CFPB did not resolve this matter, in particular since […]

Starwood Capital Affiliate Completes Acquisition of RMF Parent

Reverse Mortgage Investment Trust (RMIT), the parent company of leading reverse mortgage lender Reverse Mortgage Funding, LLC (RMF) has announced the successful completion of its acquisition by an affiliate of Starwood Capital Group, a global private investment firm which is focused on real estate investments and which maintains more than $60 billion of assets under […]