RMD presents the top reverse mortgage industry news stories read on the site in 2021, including regulatory changes, new products and company milestones.
Ocwen Financial Corporation
Ocwen Financial has reported that Liberty Reverse Mortgage has increased its volume 86% year-over-year, and that it has high hopes for expanding into the reverse mortgage sub-servicing market.
Liberty parent Ocwen Financial has closed a deal to acquire Reverse Mortgage Solutions’ servicing platform, eyeing to make Liberty an end-to-end reverse mortgage provider.
As public companies in the forward mortgage business report a lot of reduced earnings, public companies with reverse mortgage segments are touting those divisions’ solid performance, as noted by RMD’s editor in this new commentary.
Ocwen Financial, parent company of Liberty Reverse Mortgage, provided more detail about its hopes to offer end-to-end capabilities in the reverse mortgage business after acquiring Reverse Mortgage Solutions (RMS).
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.
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).
Liberty Reverse Mortgage parent company Ocwen Financial Services reported strong results for Q1 2021, pointing out the performance of its reverse mortgage business while at the same time touting the dismissal of a case brought against it by the CFPB.
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 […]
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 […]
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