Monthly Archives: April 2018

Reverse Mortgage News

Reverse Mortgages Pros Ocwen CEO Retires, Former PHH Executive to Assume Role Ocwen Financial Corporation (NYSE: OCN) president and CEO Ron Faris will retire at the end of June, the financial services corporation announced Thursday. Glen Messina, former president and

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Reverse Mortgage News

Reverse Mortgages Pros Reverse Mortgages Issued Under New Rules Outstrip Old, Age Gap Narrows Reverse mortgages issued under the new, post-October 2 principal limit factor rules have surpassed those originated under the old structure, according to a new analysis from

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Reverse Mortgage News

Reverse Mortgages Pros Three Years In, Underwriters Say LESA Has Improved Reverse Mortgages It’s been nearly three years since the Department of Housing and Urban Development introduced Life Expectancy Set-Asides (LESAs), which require borrowers with less-than-stellar credit histories to set

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