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More than one securitization per month resulting from multiple disbursements of a single loan will be permitted beginning Oct. 1, the guarantor said.
September 22 -
The company, which recently divested in the forward mortgage business and sold off its title services unit, reported a $222.5 million loss.
August 9 -
A second quarter profit followed two fiscal periods in the red, but the firm had to overcome a $33 million negative mortgage-servicing rights valuation.
August 3 -
Under new terms of its program, the Aloha State will also extend assistance to reverse mortgage holders as well as some borrowers with nondelinquent loans.
June 21 -
The firm's reverse mortgage arm combined with the newly acquired American Advisors Group will make the parent company the largest player in that lending space, executives said.
May 9 -
This deal will allow PHH Mortgage to substantially increase the number of reverse MSRs it handles on an outsourced basis.
May 3 -
Mission-driven entities will have priority on 50% of loan pools secured by Home Equity Conversion Mortgages.
April 14 -
The company is launching a training course to certify its loan officers on HECM loans.
April 12 -
The change may decrease the amount of time that a servicer is required to hold a loan on their balance sheet.
April 6 -
The company sold off several segments of its business last year and also completed four securitizations of reverse mortgage loans as it fully commits to the 'retirement home-equity market.'
March 14