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An increase in loan-limit size and the rapid growth of home equity fueled interest in reverse mortgages in January.
March 15
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The move takes Constellation Mortgage Solutions into the reverse mortgage business, which has fewer competitors than forward loan origination and servicing systems.
February 10 -
Originations of home equity conversion mortgages surged nationwide at the end of the year, with December numbers near a 4-year high.
January 4
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Nearly half of the company’s revenue comes from sources outside of the traditional home lending market, CEO Patricia Cook told analysts during the company’s earnings call.
November 10
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Recent offerings come with lower age-eligibility requirements compared to traditional government-backed home equity conversion mortgages.
November 1
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The company has been making investments in correspondent originations and servicing and “reverse” loans used by borrowers age 62 and up to withdraw home equity.
August 5
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The $16 billion Champion Mortgage portfolio sale follows Ocwen Financial’s purchase of different assets from MAM a few weeks prior.
July 6
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The ruling confirms that a state precedent regarding forward mortgages also applies to home equity conversion loans.
July 1
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The deal will add $7.8 billion in reverse mortgage subservicing to Ocwen $6.7 billion portfolio.
June 18
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The newly public company expects a 20% overall loss in adjusted earnings this year.
May 13
