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.
Reverse Mortgage Solutions
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).
Mr. Cooper Group has announced a deal to sell its reverse mortgage servicing portfolio – under the Champion Mortgage brand – to Mortgage Assets Management, LLC, the company which recently sold Reverse Mortgage Solutions (RMS) to Ocwen Financial.
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).
After new reverse mortgage non-borrowing spouse protections were handed down by the Federal Housing Administration (FHA), members of the reverse mortgage industry including servicers welcome the attention to what is seen as a critically important series of issues, based on outreach conducted by RMD.
The Board of Directors for the National Reverse Mortgage Lenders Association (NRMLA) has elected its co-chairs to serve in the 2020-2021 term. Scott Norman of Finance of America Reverse (FAR) and Mike Kent of Liberty Reverse Mortgage were unanimously elected. Norman was first elected to NRMLA’s board in 2012, and serves as FAR’s VP of […]
As the timeline for the London Interbank Offered Rate (LIBOR) index’s service as the basis for adjustable-rate reverse mortgages has been considerably shortened after a decision last month by the Government National Mortgage Association (GNMA, or “Ginnie Mae”), the reverse mortgage industry has found itself needing to quickly adapt to the adoption of a new […]
A former reverse mortgage executive and consultant has responded to civil charges of fraud levied by her former employer, saying they have “no basis” and that the executive was dropped by the company after the acquisition of a reverse mortgage servicer. This is according to court filings obtained by RMD. In the civil suit, filed […]
A mortgage executive and a reverse mortgage consulting company are the subjects of a lawsuit filed earlier this month by Reverse Mortgage Solutions (RMS) parent company Mortgage Assets Management, LLC (MAM). The executive, Cheryl MacNally, formerly held prominent reverse mortgage roles with Wells Fargo and Generation Mortgage, and has recently served as president of MAM. […]
Reverse mortgage servicing has seen a lot of guidance coming down from the federal government recently due to the ongoing effects of the COVID-19 coronavirus pandemic. Because of this, servicing professionals answered a series of questions related to concerns that loan originators might have about servicing during the current national emergency, answering them in a […]
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