Top 10 Reverse Mortgage Lenders Reshuffle in 2019

While the reverse mortgage industry has seen its share of change, the top-10 lenders by volume has remained relatively unchanged over the last year. Yet the lender rankings within the top 10 have shifted, to present a top-10 in October 2019 that looks different in some ways from the same tabulation a year earlier. RankCompany […]

Liberty Parent Continues Inching Back into the Black

Ocwen Financial Corporation, parent company to reverse mortgage lender Liberty Home Equity Solutions, is beginning to see its reorganization efforts steer the company back toward financial profitability, however it endured a loss in the third quarter of 2019 that is slightly higher than the recorded loss the same time one year prior, according to financial […]

Liberty President Talks Customer Focus, the Future for Reverse Mortgages

There’s a great deal of responsibility that comes with being a leader in the reverse mortgage industry, but when someone recognizes the importance and impact of their work, that can make leadership in your industry both important and necessary. That impact is something that stays with Mike Kent, the president of Liberty Home Equity Solutions, […]

The RMD Podcast #6: Mike Kent, President of Liberty Home Equity Solutions

In the sixth episode of The RMD Podcast, we speak to the president of Liberty Home Equity Solutions, Mike Kent! After spending a long time in the traditional, forward mortgage space, Kent’s entry into the world of reverse mortgages led him to understand the core, fundamental difference between the two businesses: the people. Whether it’s […]

AAG, Longbridge Take Top Spots for Reverse Mortgage Securities Issuance

American Advisors Group (AAG) has retained its leading position as the top issuer of Home Equity Conversion Mortgage-backed securities (HMBS) in Q3 2019, with $1.38 billion of issuance leading to 23% of market share. This is according to publicly available GNMA data and private sources compiled by New View Advisors. The top five issuers are […]

Reverse Mortgage Endorsements Record Slight Uptick in September

Home Equity Conversion Mortgage (HECM) endorsements rose by 3.4% to 2,420 loans for the month of September 2019, a lagging figure that has led to a second consecutive month of relatively low endorsement activity in the reverse mortgage marketplace. This is according to the September HECM Lenders report compiled by Reverse Market Insight (RMI). The […]

Judge Dismisses CFPB Case Against Ocwen, Though Bureau Can Refile

A case levied against Ocwen Financial Corporation (NYSE: OCN) by the Consumer Financial Protection Bureau (CFPB) in 2017 has been dismissed by a federal judge in Florida, though the Bureau has the option to refile the case if it so chooses, according to a story in National Mortgage News. Originally filed by the Bureau in […]

Liberty Parent Ocwen Touts Reverse Profitability, EquityIQ Launch

Ocwen Financial Corporation (NYSE: OCN), parent company of Liberty Home Equity Solutions, recorded strong numbers in its reverse mortgage business in Q2 2019 in spite of the company’s larger aim to return to overall profitability, according to financial documents released this week and a Tuesday morning earnings call. “Our reverse lending business recorded pre-tax income […]

Liberty Home Equity Solutions Offers More Details on ‘EquityIQ’ Jumbo

On the heels of a flurry of new proprietary products and product features from the nation’s top reverse mortgage lenders, Liberty Home Equity Solutions last week announced the launch of its EquityIQ to compete in the space. Proprietary products are currently seen among reverse mortgage industry players as a path to the business’s future prosperity, […]

Liberty Home Equity Solutions Launches EquityIQ Proprietary Reverse Mortgage

The reverse mortgage proprietary market continues to heat up, with Liberty Home Equity Solutions announcing the official launch of a new proprietary offering on Thursday. Aimed at seniors with higher home values, the new product allows access to funds well above the current Home Equity Conversion Mortgage (HECM) program loan limit of $726,525. Called “EquityIQ,” […]