Senior Financial Inc., Richmond, Va., has announced an agreement to acquire Liberty Reverse Mortgage Inc., Rancho Cordova, Calif., for $50 million (plus a possible added performance-based financial consideration).Senior Financial is a wholly owned venture investment subsidiary of Genworth Financial Inc., a mortgage insurer based in Richmond. "Liberty will allow Genworth to offer senior market consumers new products that provide liquidity, retirement income, and enable funding of their retirement safety net," said Pam Schutz, executive vice president at Genworth. Genworth can be found on the Web at http://www.genworth.com.
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