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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/.

Attention REOCentral users: Please be aware that Microsoft is retiring Internet Explorer 11 on June 15 and officially replacing it with Microsoft Edge. To avoid any REOCentral service disruption, follow instructions on "How to Set Up Settings to Default Internet Explorer in Microsoft Edge".


REO News

Reverse mortgage volume, HMBS issuance fell further in November

The reverse mortgage industry is settling into “a new normal," according to analysts, and 2023 activity is expected to be lower than the two years prior.

The post Reverse mortgage volume, HMBS issuance fell further in November appeared first on Reverse Mortgage Daily.


One way reverse mortgages can fund aging in place: Home renovations

If a home needs to be adjusted to better accommodate an older person, a reverse mortgage could serve as one way to fund such a plan.

The post One way reverse mortgages can fund aging in place: Home renovations appeared first on Reverse Mortgage Daily.


[Updated] Reverse mortgage lending limit rises above $1M for first time in 2023

The reverse mortgage lending limit has risen above $1 million for 2023, thanks to surging home values.

The post [Updated] Reverse mortgage lending limit rises above $1M for first time in 2023 appeared first on Reverse Mortgage Daily.


What originators should know about reverse mortgage value vs. HELOCs

HELOCs are more popular for home equity tapping than reverse mortgages, but are also prone to suspension — unlike most reverse mortgages.

The post What originators should know about reverse mortgage value vs. HELOCs appeared first on Reverse Mortgage Daily.


[Updated] RMF files for Chapter 11 bankruptcy, lays off 500 workers

The move comes after halting all origination activities earlier this month and reportedly laying off a majority of its staff this week.

The post [Updated] RMF files for Chapter 11 bankruptcy, lays off 500 workers appeared first on Reverse Mortgage Daily.


Are reverse mortgages an option for seniors who want to avoid nursing homes?

New data from the Boston College CRR suggests seniors are increasingly resistant to nursing homes, which could be a renewed reverse mortgage opportunity.

The post Are reverse mortgages an option for seniors who want to avoid nursing homes? appeared first on Reverse Mortgage Daily.


FHFA increases conforming loan limits for Fannie, Freddie in 2023

The FHFA increase to the conforming loan limits has typically been a "sneak peek" of a reverse mortgage lending limit announcement.

The post FHFA increases conforming loan limits for Fannie, Freddie in 2023 appeared first on Reverse Mortgage Daily.


What reverse mortgage pros can learn from this Seattle tech support firm

The reverse mortgage industry has sought to incorporate new technology into the mix, but that comes with unique challenges for seniors.

The post What reverse mortgage pros can learn from this Seattle tech support firm appeared first on Reverse Mortgage Daily.


FHA extends HECM reverse mortgage loss mitigation waivers

This is the second time that the HECM waivers have been extended by the FHA to assist seniors impacted by the global pandemic.

The post FHA extends HECM reverse mortgage loss mitigation waivers appeared first on Reverse Mortgage Daily.


New York Times: More older adults live alone, face housing challenges

Not only are more older Americans living alone, but they’re also running into housing issues, especially when seeking to downsize.

The post New York Times: More older adults live alone, face housing challenges appeared first on Reverse Mortgage Daily.