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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 https://www.phhmortgage.com/.

REO News

Longbridge appoints Packer as COO as part of expansion

Longbridge Financial announced the appointment of Bill Packer to serve as COO, with an aim to expand the lender's front- and back-end technology.

The post Longbridge appoints Packer as COO as part of expansion appeared first on Reverse Mortgage Daily.


Why tapping home equity can help prepare seniors for inflation impacts

Home equity tapping is a worthy consideration among seniors hoping to avoid severe inflation impacts, according to a GOBankingRates column.

The post Why tapping home equity can help prepare seniors for inflation impacts appeared first on Reverse Mortgage Daily.


Reverse mortgage industry shows notable improvement between Q1 2021 and 2022

Reverse mortgage industry performance appears even stronger when comparing the first quarters of 2021 and 2022, respectively, though refis remain elevated.

The post Reverse mortgage industry shows notable improvement between Q1 2021 and 2022 appeared first on Reverse Mortgage Daily.


Reverse mortgage industry prepares to convene for first NRMLA meeting since 2019

NRMLA is preparing to host its first in-person meeting since 2019 in Irvine, Calif., and RMD caught up with its president to discuss the event.

The post Reverse mortgage industry prepares to convene for first NRMLA meeting since 2019 appeared first on Reverse Mortgage Daily.


BlackFin Group launches reverse mortgage consulting practice, publishes report

BlackFin Group has announced the launch of a dedicated reverse mortgage consultancy headed by industry veterans, and the release of a new report.

The post BlackFin Group launches reverse mortgage consulting practice, publishes report appeared first on Reverse Mortgage Daily.


MarketWatch: Reverse mortgage can assist in ‘daunting’ retirement times

A financial planner describes the increased utility of a reverse mortgage in these challenging economic times in a story at MarketWatch.

The post MarketWatch: Reverse mortgage can assist in ‘daunting’ retirement times appeared first on Reverse Mortgage Daily.


As alt. equity provider expands, seniors and reverse mortgages remain important factors

Hometap has recently seen a pickup in reverse mortgage industry partnerships, with potential for more on the way as the company expands into new states.

The post As alt. equity provider expands, seniors and reverse mortgages remain important factors appeared first on Reverse Mortgage Daily.


Open Mortgage appoints new CFO as part of strategic expansion

Open Mortgage has announced a new CFO in the wake of its ongoing business expansion, including for its reverse mortgage division.

The post Open Mortgage appoints new CFO as part of strategic expansion appeared first on Reverse Mortgage Daily.


Why Open Mortgage is doubling down on the reverse business

Open Mortgage's new CRO Scott Harkless sits down with RMD to discuss the lender's recently-announced reverse mortgage division expansion.

The post Why Open Mortgage is doubling down on the reverse business appeared first on Reverse Mortgage Daily.


As reverse mortgages boom in Canada, regulators take note

Reverse mortgage debt in Canada recently surpassed $5.4 billion, and that's causing the nation's financial regulators to look more closely at the business.

The post As reverse mortgages boom in Canada, regulators take note appeared first on Reverse Mortgage Daily.