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PHH Mortgage will halt reverse originations, sell MSRs to Finance of America

Finance of America, HWmember, Liberty Reverse Mortgage, MSRs, Onity Group, Partnerships, PHH Mortgage Corp, Reverse, Reverse Mortgage Daily /

Onity Group — the parent company of PHH Mortgage Corp. and its reverse mortgage arm, Liberty Reverse Mortgage — announced on Tuesday that the company has entered into a “strategic relationship” with Finance of America (FOA) to sell $9.6 billion in mortgage servicing rights (MSRs), among other agreements. A press release said that PHH/Liberty will […]

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Managing savings, homeownership during first retirement year

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Financial advisors warn that the first year of retirement often determines how long savings will last and whether homeowners can comfortably stay in their homes, according to reporting by Kiplinger. “The first year of retirement is one of the most defining periods in a person’s financial life,” said Renee Collins, founder of Retire Ready Inc.,

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Hometap continues to fight ‘illegal reverse mortgage’ lawsuit in Massachusetts

Home Equity, Hometap, HWmember, Lawsuit, Legal, Massachusetts, Massachusetts Division of Banks, Reverse, Reverse Mortgage Daily /

A lawsuit filed earlier this year by the state of Massachusetts against home equity investment (HEI) provider Hometap is being allowed to proceed after a ruling in August by a Suffolk County Superior Court judge. And the parties made new filings in court last week as they attempt to convince the court of the merits

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Retirement plans for small-business owners have visible generational gaps

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A report released Monday by Capital Group found large disparities between various generations of entrepreneurs and the retirement options available to them. The Small Business America report — based on an April 2025 survey of 1,000 small-business owners regarding their outlook and readiness to offer retirement benefits — found that overall business optimism is high

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Longbridge posts $8.6M profit, record proprietary reverse volume

Earnings, Ellington Financial, HWmember, LendingLife, Longbridge Financial, Mortgage Servicing, Reverse, Reverse Mortgage Daily /

Ellington Financial reported strong financial performance from its reverse mortgage subsidiary, Longbridge Financial, during its third-quarter earnings call on Thursday. Longbridge posted net income of $8.6 million from July through September — down from the $10.7 million profit it achieved in the second quarter but a continuation of a positive trend after its $1 million

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New View: Proprietary loans now account for 40% of reverse mortgages

HECM, HMBS, HUD, HWmember, New View Advisors, Reverse, Reverse Mortgage Daily /

Reverse mortgage lenders were already starting to diversify their offerings earlier this year through the launch or expansion of proprietary product suites. These moves have become even more important at a time when federally insured reverse mortgages aren’t being endorsed. As part of this emerging industry trend, New View Advisors recently announced that it would

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State policies shape caregiving in the U.S.

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Living location impacts the caregiving experience in the U.S., according to a new state-level analysis released on Wednesday by AARP and the National Alliance for Caregiving (NAC). AARP’s data found that, specifically, state policy choices have an impact on family caregivers. States with strong supports, such as paid leave, respite care and health system integration

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Most Americans lack retirement readiness despite confidence

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A new study from Prudential Financial Inc. found that while most people around the world are confident about their retirement preparedness, that confidence may outpace their preparation. Prudential’s 2025 Global Retirement Pulse Survey, released Monday, is the first international edition of the company’s long-running Pulse Survey series. Its findings say that 89% of “mass affluent”

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Social Security COLA will increase 2.8% in 2026

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The Social Security Administration (SSA) on Friday announced that its cost-of-living adjustment (COLA) will rise 2.8% in 2026. Among the 53 million Americans who receive Social Security benefits in retirement, that will translate to an additional $56 per month. The average monthly payment to retirees will rise to $2,056, the SSA reported. The 2.8% increase

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Americans worry about retirement income sustainability

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Nearly 90% of working-age Americans are concerned about how they’ll generate income in retirement — and more than half worry about outliving their savings. That’s according to the 2025 U.S. Retirement Survey by Schroders, a London-based multinational asset manager. The report, released Tuesday, found that 87% of Americans who’ve yet to retire expressed at least

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