Browsing Category:Reverse Mortgage

far-launches-borrower-engagement-division-expands-private-help-for-reverse-mortgage-debtors
Finance of America Reverse (FAR) on Wednesday announced the creation of a new Borrower Engagement department that will provide lender reverse mortgage customers with access to a dedicated team of professionals who will help assist borrowers with any issues related to them their reverse mortgage as well as personal milestones and disruptions they may have during the life of...
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ocwen-monetary-pronounces-closing-with-reverse-mortgage
WEST PALM BEACH, Fla., October 4, 2021 (GLOBE NEWSWIRE) - Ocwen Financial Corporation (NYSE: OCN) (“Ocwen” or the “Company”), a leading non-bank mortgage servicer and lender, announced today that its wholly owned Subsidiary PHH Mortgage Corporation (“PHH”) has previously announced a transaction with Reverse Mortgage Solutions, Inc. (“RMS”) and its parent company Mortgage Assets Management, LLC (“MAM”) to acquire...
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reverse-mortgage-refinances-stay-close-to-50-of-quantity-in-august
According to the latest HECM Endorsement Analytics report released by New View Advisors late last week, Home Equity Conversion Mortgage (HECM) refinances in HECM remained at nearly 50% of the total reverse mortgage industry endorsement volume in September 2021."4,326 HECM loans were approved in September and recovered after the last month to the average pace of the past year...
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reverse-mortgage-lender-accused-of-misleading-advertising
As the latest example of its increased enforcement activity, the Consumer Financial Protection Bureau (CFPB) has filed a complaint proposing a settlement alleging fraudulent marketing by the largest reverse mortgage lender in the country.The central thesesThe Consumer Financial Protection Bureau claims that the country's largest reverse mortgage loan provider used fraudulent home value estimates to attract customers.The lender, American...
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ocwen-monetary-broadcasts-closing-with-reverse-mortgage
WEST PALM BEACH, Fla., October 4, 2021 (GLOBE NEWSWIRE) - Ocwen Financial Corporation (NYSE: OCN) (“Ocwen” or the “Company”), a leading non-bank mortgage servicer and lender, announced today that its wholly owned Subsidiary PHH Mortgage Corporation (“PHH”) has previously announced a transaction with Reverse Mortgage Solutions, Inc. (“RMS”) and its parent company Mortgage Assets Management, LLC (“MAM”) to acquire...
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prmi-expands-reverse-mortgage-footprint-to-midwest-in-step-towards-nationwide-enlargement
Primary Residential Mortgage (PRMI) dedicated reverse mortgage center, Steven J. Sless Group, based in Owings Mills, Md., Recently expanded its reverse mortgage presence to the American Midwest after two dedicated reverse mortgages Mortgage lenders have been discontinued and will operate out of PRMI's Indianapolis office.The move is being made to strengthen PRMI's reverse mortgage service offerings, an effort that...
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