Friday Round-Up: Walter Makes New Reverse Mortgage Play in S1L Acquisition

In case you missed it… here’s what happened in reverse mortgage news this week.  Walter Investment announced it is acquiring Security One. In what could amount to a $31 million transaction, Walter, which recently acquired RMS, will acquire Security One in an all-cash deal. The deal is expected to close in the first quarter of […]

Walter: FHA Reverse Mortgage Changes Won’t Impact Loan Volume

Walter Investment Management Corp. (NYSEAMEX: WAC) last week commended the Federal Housing Administration on its plans to implement a moratorium on fixed-rate full-draw reverse mortgage loans and said the changes are unlikely to have an adverse impact on loan volume. “We had anticipated this week’s announced moratorium on the Full-draw HECM Reverse Mortgage product and […]