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Longbridge wins partial preliminary injunction against Mutual of Omaha

May 15, 2025 by bp56691
A judge has weighed in on the dispute between two of the largest reverse mortgage lenders, ruling that some claims warranted relief.
Categories HECM, HWmember, Lawsuit, Legal, Longbridge Financial, Marketing, Mutual of Omaha Mortgage, Reverse

Texas Capital Bank appeals case against Ginnie Mae over reverse mortgage collateral

May 13, 2025 by bp56691
The suit between Texas Capital Bank and Ginnie Mae has been revived after the bank filed an appeal this week with the Fifth Circuit.
Categories FHA, Ginnie Mae, HECM, HWmember, Lawsuit, Legal, Reverse, Texas Capital Bank

Los Angeles County event will assist reverse mortgage borrowers with wildfire recovery

May 9, 2025 by bp56691
Impacted reverse mortgage borrowers in Los Angeles County can find assistance and resources at the event in Altadena.
Categories California, HECM, HWmember, Los Angeles, Reverse, Wildfire

Finance of America posts a profit, beats funded volume estimates in Q1 2025

May 7, 2025 by bp56691
Finance of America posts a profit, beats funded volume estimates in Q1 2025
One of the nation’s leading reverse mortgage lenders posted positive financial results in Q1 2025, leading to a rise in its share price.
Categories Earnings, Finance of America, Graham Fleming, HECM, HWmember, Reverse

NRMLA co-chair outlines reverse mortgage advocacy plan

May 2, 2025 by bp56691
NRMLA co-chair outlines reverse mortgage advocacy plan
NRMLA co-chair Jim Cory discussed a new industry outreach effort to bring more people up to speed with reverse mortgages.
Categories HECM, HWmember, NRMLA, Reverse

Attendees encouraged by reverse mortgage conference in California

May 1, 2025 by bp56691
Attendees offer their thoughts on the first NRMLA reverse mortgage industry event of 2025 and what they found most valuable.
Categories C2 Financial Corp, California, Counseling, Finance of America, HECM, HWmember, NRMLA, Reverse

Liberty Reverse parent Onity praises Q1 earnings performance, proprietary product launch

April 30, 2025 by bp56691
Onity Group, the parent of PHH Mortgage Corp. and its subsidiary, Liberty Reverse Mortgage, posted solid financial results for the first quarter of 2025 and again praised Liberty’s reverse mortgage performance.
Categories Earnings, HECM, HWmember, Liberty Reverse Mortgage, Onity Group, PHH Mortgage Corp, Reverse

Reverse mortgage industry descends on California for first NRMLA event of 2025

April 25, 2025 by bp56691
Reverse mortgage industry descends on California for first NRMLA event of 2025
The reverse mortgage industry’s first event of 2025 is happening in Irvine, California, and NRMLA’s president offers a preview.
Categories California, FHA, HECM, HWmember, NRMLA, Reverse

Reverse mortgage conversion software adds Smartfi proprietary product

April 24, 2025 by bp56691
Reverse mortgage conversion software adds Smartfi proprietary product
The HECM Tool reverse mortgage sales and conversion platform has engaged with Smartfi to include its proprietary product in its offerings.
Categories HECM, HWmember, Reverse, Smartfi Home Loans, Technology

Assessing the reverse mortgage technology landscape

April 18, 2025 by bp56691
Assessing the reverse mortgage technology landscape
Reverse mortgage professionals weigh in on the potential of including more technology into industry processes.
Categories Artificial Intelligence, Finance of America, HECM, HWmember, Longbridge Financial, NRMLA, Reverse, Technology
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