Reverse mortgages

Hild, 46, schemed with other Live Well executives to increase the reported value of a pool of bonds used as collateral for loans, Assistant U.S. Attorney Jordan Estes told jurors in opening statements on Wednesday.

The forward and reverse mortgage lender completed its merger with blank check company Replay Acquisition Corp. on April 1.

Finance of America Reverse's product combines features of a forward mortgage, like 10 years of payments, with parts of a non-recourse reverse loan.

The servicer owned by Mr. Cooper agreed to pay a penalty for allegedly failing to provide its clients with clear information on foreclosure and defaults.

The deadline for inclusion in Ginnie mortgage-backed securities has been extended and an exception will be made for some participations.

Originations from all sources, including commercial and reverse mortgages, total $9.2 billion.

And how people involved with Replay Acquisition made it more attractive than an initial public offering, according to CEO Patricia Cook.

But current owner Blackstone and FOA management will keep 70% of the company after its merger with a SPAC.

The accusations against Nutter Home Loans, like an earlier settlement with the Department of Housing and Urban Development, center on concerns related to FHA-insured reverse mortgages. The company "strongly disputes" them.

FHA Commissioner Dana Wade offered a preview of ambitions she has for the Federal Housing Administration at a virtual event held by Women in Housing and Finance on Tuesday.