The reverse mortgage servicing unit of OneWest, a bank founded by Treasury Secretary Steve Mnuchin, has settled a Justice Department probe into its practices during Mnuchin’s tenure there
Third-party originators will help make brokers’ jobs easier through Reverse Mortgage Funding’s new processing service
Qualified borrowers must have an FHA Reverse Mortgage on an Illinois property and must have “experienced a qualifying hardship”
The partnership will expand United's presence in the HECM for Purchase space
Update includes coverage of HELOC and HECM asset types
The Fed’s decision to raise interest rates will be felt in the reverse space – but how severe will the shock be?
Rising interest rates could make younger retirees reconsider taking out reverse mortgage credit lines
The governor of Maine has proposed legislation that could bring elderly residents foreclosure relief through reverse mortgages