The measure comes at a time of sinking fortunes for reverse mortgage originators: HECM production totaled $8.4 billion through the first nine months of 2019, a steep 27.8% drop from the comparable period a year earlier...

In general, the CCPA allows California residents to know and access what information businesses collect on them...

In 2018, first lien originations totaled $1.63 trillion. For 2020, $1.9 trillion to $2.0 trillion seems like a reasonable number. The key, as always, will be interest rates…

A company official explained that the new S-3 filing with the Securities and Exchange Commission is a successor document to one expiring at yearend.

In 3Q19, the top ARM lenders were Wells Fargo with $8.28 billion, Bank of America ($7.67 billion), and JPMorgan Chase ($5.43 billion).

In September, the CFPB issued a compliance assistance policy, signaling its intent to propose an interpretive letter program “as soon as practicable,” given significant interest from stakeholders…

How much might the Freddie Mac 'golden handshake' program cost?

Based in Irvine, the privately held lender/servicer services roughly $3.6 billion in loans.

This is FAR’s fourth HECM reverse mortgage deal and the first backed by active HECMs.

The stress tests address potential financial performance under three economic scenarios: baseline, adverse, severely adverse.