Onity revised the terms of its sale of home equity conversion mortgage servicing rights to Finance of America Reverse after receiving feedback from Ginnie Mae.
“Regulators are taking more notice of this part of the market,” Bob Broeksmit, president and CEO of the Mortgage Bankers Association, said of the non-agency sector.
Jun Choi and Richard Tak are the sole owners of Mortgage One. They will receive 300,000 shares of Linkhome’s stock, which is trading at around $1.00 per share.