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REO Management Solutions, LLC was recently acquired by PHH Mortgage Corporation (PHH) as part of an asset purchase transaction entered into with Reverse Mortgage Solutions, Inc (RMS). For over 30 years, PHH Mortgage has provided industry-leading mortgage services and helped countless homebuyers and homeowners find financing solutions to meet their needs. For more information, please visit

REO News

Could rising rates signal the end of the Refi boom?
The cost of borrowing is inching up, and that’s beginning to shrink the pool of homeowners looking to refinance their reverse mortgages.

Senior housing wealth tops $10 trillion for first time
Collective senior housing wealth in the United States has reached over $10 trillion, emphasizing the potential power of its use in retirement.

Reverse mortgage Changemakers: how COVID-19 has changed the industry
Two members of RMD's 2021 Changemakers class – Shelley Giordano and Scott Gordon – describe how the reverse mortgage business has adapted to COVID-19.

Retirement crisis exacerbated by pandemic, study says
A survey reveals that the impacts on the retirement crisis by the pandemic, especially for older people in an insecure savings position.

Programming Note: RMD’s MLK Day Schedule
RMD will be closed on Monday, January 17 in observance of Martin Luther King Jr. Day. Normal posting and the daily email will resume on Tuesday, January 18.

Mid America Mortgage eyes expanded reverse mortgage business with new hires
With strategic new hires, Mid America Mortgage has eyed a national expansion in the reverse mortgage space by focusing on turn times and new clients.

U.K. research indicates growing interest in home equity release
A new study suggests that home equity release could become a more prominent retirement financing tool in the U.K. and Europe. Could the U.S. be next?

Reverse mortgage securities issuance consolidates, refis persist despite higher rates
Recent sales of reverse mortgage servicing portfolios have consolidated securities, while higher interest rates are not yet slowing down refinances.

Lender leverages reverse mortgage tech to enter, grow wholesale business
A new reverse mortgage wholesale company describes how it entered the business by use of a loan origination system (LOS) platform.

Reverse Mortgage Daily’s top 10 stories of 2021
RMD presents the top reverse mortgage industry news stories read on the site in 2021, including regulatory changes, new products and company milestones.