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Reverse Mortgage Solutions, Inc. (RMS) and REO Management Solutions, LLC were recently acquired by Mortgage Assets Management, LLC (MAM) as part of a stock and asset purchase transaction entered into with Ditech Holding Corporation. MAM is a mortgage portfolio investment company headquartered in Washington, DC.

REO News

Reverse Mortgage at Center of NBA Player Steph Curry’s Instagram Post

National Basketball Association (NBA) point guard Steph Curry has posted to his Instagram account in support of a man in danger of losing his home in a reverse mortgage foreclosure. The son of a reverse mortgage borrower who lives in a home with significance to fans of the NBA team the Golden State Warriors is […]

The post Reverse Mortgage at Center of NBA Player Steph Curry’s Instagram Post appeared first on Reverse Mortgage Daily.


Changemakers: Scott Norman, VP Field Retail and Director Government Relations at Finance of America Reverse

Scott Norman’s career has taken him on a very unique trajectory from political aide to a Texas politician to one of the fiercest, most effective advocates for the reverse mortgage product category that the industry has fighting for it. Norman was instrumental in bringing the Home Equity Conversion Mortgage (HECM) for Purchase to the state […]

The post Changemakers: Scott Norman, VP Field Retail and Director Government Relations at Finance of America Reverse appeared first on Reverse Mortgage Daily.


Changemakers: Chris Mayer, CEO of Longbridge Financial

Longbridge Financial CEO Chris Mayer is a unique presence in the reverse mortgage industry by virtue of his wealth of accomplishments. Not only has he earned a PhD in economics from MIT, but he serves as Paul Milstein Professor of Real Estate at Columbia Business School, bringing an unparalleled academic pedigree to the leadership structure […]

The post Changemakers: Chris Mayer, CEO of Longbridge Financial appeared first on Reverse Mortgage Daily.


Supreme Court to Decide Lawfulness of FHFA Structure

The United States Supreme Court (USSC) will hear arguments in a case that challenges the single-director leadership structure of the Federal Housing Finance Agency (FHFA), just weeks after a ruling in which it deemed a similar structure at the Consumer Financial Protection Bureau (CFPB) unconstitutional. “The justices granted a pair of cases, Collins v. Mnuchin […]

The post Supreme Court to Decide Lawfulness of FHFA Structure appeared first on Reverse Mortgage Daily.


Reverse Mortgage Counselors: Clients More Informed, Resources Strained During Pandemic

Reverse mortgage clients appear to be better-prepared for their counseling sessions regarding their understanding of the reverse mortgage product category, a potential sign that the industry itself is doing an effective job of responding to the financial need that the COVID-19 coronavirus pandemic has created. However, it’s also more difficult to operate in this environment […]

The post Reverse Mortgage Counselors: Clients More Informed, Resources Strained During Pandemic appeared first on Reverse Mortgage Daily.


Quicken Loans Files for IPO After Three Years of Annual Profits

Rocket Companies, Inc. — parent company for Quicken Loans and Rocket Mortgage — has filed for an initial public offering (IPO) to allow the trading of its shares on the U.S. stock market after disclosing an annual profit for the past three years. This is according to original reporting at Bloomberg. “The Detroit-based company, which […]

The post Quicken Loans Files for IPO After Three Years of Annual Profits appeared first on Reverse Mortgage Daily.


How Fairway’s Company Culture Is Fueling its Record Reverse Mortgage Growth

Like most lenders, top-10 reverse mortgage lender Fairway Independent Mortgage Corporation has seen increasing levels of business during the COVID-19 coronavirus pandemic. But there’s more to the story than simply new demand, says National Reverse Mortgage Director Harlan Accola. In addition to economic factors felt across the industry and U.S., Accola attributes to new interest […]

The post How Fairway’s Company Culture Is Fueling its Record Reverse Mortgage Growth appeared first on Reverse Mortgage Daily.


Retirement Crisis Deepens as Pandemic Drives Unemployment

The effects of the COVID-19 coronavirus pandemic on unemployment in America have led to most recent estimates placing the national unemployment rate at 11.1% as of June 2020, up from 4% one year prior according to the Bureau of Labor Statistics. Unemployment that has been driven by the pandemic’s effect on the economy is deepening […]

The post Retirement Crisis Deepens as Pandemic Drives Unemployment appeared first on Reverse Mortgage Daily.


Reverse Mortgage Capital Markets Show Strength During Pandemic Stress

The COVID-19 coronavirus pandemic had a pronounced effect on reverse mortgage capital markets shortly after the White House announced a national emergency related to the pandemic in March, but the markets have continued to recover. That’s not to say that the industry shouldn’t remain vigilant, however. This is according to Dan Ribler, director at real […]

The post Reverse Mortgage Capital Markets Show Strength During Pandemic Stress appeared first on Reverse Mortgage Daily.


Foreclosure Protection Bill Includes Reverse Mortgage Borrowers, Lacks Republican Support

A bill introduced into the United States House of Representatives seeking to prevent evictions, foreclosures, and unsafe housing conditions resulting from the COVID-19 pandemic includes reverse mortgage borrowers, and was recently passed in the House before being sent to the U.S. Senate. The bill, House Resolution (H.R.) 7301 known as the “Emergency Housing Protections and […]

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