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'Lenders' Category Archives

Liberty Reverse Mortgage (PHH) Shuts Down: Sells 40,000 Borrower Portfolio

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Senior homeowners are losing another major source for reverse mortgages.  Onity Group, the parent company of PHH and Liberty Reverse Mortgage, recently announced that it will stop originating reverse mortgages and will sell its reverse mortgage servicing portfolio. Liberty has long been one of the largest lenders in the space, with 12 active branches and 138 sponsored loan officers based...
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Banks That Offer Reverse Mortgages in 2026 | Compare Rates & Reviews

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In 2026, only a few regional and specialty banks offer reverse mortgages, including University Bank, The Federal Savings Bank, and Magnolia Bank. Most large banks left the market years ago, so many borrowers choose specialized non-bank lenders for better rates and service. [arlo_toc] Do Banks Offer Reverse Mortgages in 2026? While large national banks like Wells Fargo, Bank of America,...
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5 Memorable Reverse Mortgage Spokesmen

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Reverse mortgages have had many famous faces over the years. From iconic television and film actors to one-time US presidential candidates, celebrities from all walks of life have espoused the many advantages a reverse mortgage can provide for older homeowners in their retirement years. While spokesmen have come and gone over the years, let's take a look at some of...
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Bank of America Reverse Mortgage Review (2026 Update)

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Back in the early 2000s, much of the volume of reverse mortgages in the U.S. was attributed to big banks, including Bank of America. Today, that landscape has changed. Bank of America began in the reverse mortgage space through a small retail channel before ramping up its operations with the acquisition of Seattle Mortgage's reverse mortgage business in 2007. The...
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AAG – Nations #1 Reverse Mortgage Lender Sells Loan Portfolio

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For several years I had had borrowers tell me that this was the last-ditch pitch they received from a loan originator from a well-known competitor.  When that company could not match or beat the rate and fee structure, we offered the client their reverse mortgage transaction. They argued with the borrower that they should close a loan with their company...
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Wells Fargo Reverse Mortgage Review (2026 Update)

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Many years ago, some of the biggest banks in the nation offered reverse mortgages.  Among them, Wells Fargo was one of the largest lenders in the U.S. Home Equity Conversion Mortgage (HECM) market.  Today, that is no longer the case. Wells Fargo was at one time the largest reverse mortgage lender in the country. It was only a short time...
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Financial Freedom Reverse Mortgage Review (2026 Update)

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At one time, there were quite a few major bank lenders offering reverse mortgages. In fact, in the early 2000s, the majority of reverse mortgage loans were closed by national banks. One of the large bank lenders was Financial Freedom, which most recently operated under the parent company CIT Group, and previously was owned by OneWest Bank and IndyMac. At...
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Resolute Bank Reverse Mortgage Review (2026 Update)

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The reverse mortgage industry in the United States has had to wrestle with some issues related with some new regulatory rules handed down by the U.S. government in 2017 and 2018, and for some companies that had formerly offered loans in the space, the issues that stemmed from these changes to the federally-insured Home Equity Conversion Mortgage (HECM) program caused...
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Livewell Reverse Mortgage Review (2026 Update)

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Across the reverse mortgage lender landscape, there are a variety of company types: banks and non-banks, large national lenders, and small regional lenders.  Over time, many large banks have exited the reverse mortgage business, while independent non-bank lenders today comprise most of the reverse mortgage volume. Still, changes occur in the lender landscape from time to time, and 2019 was...
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