#reverse-mortgages

#reverse-mortgages

Onity said it wants to focus on other business channels, including conventional forward mortgages, non-QM loans, commercial loans and its servicing portfolios rather than reverse mortgage originations. FOA is doing quite the opposite it wants to grow in the reverse mortgage space and sees value in adding PHH's portfolio and team. As a result, FOA will take over PHH's pipeline of reverse mortgages and said it will hire some of PHH's employees working in that line of business.

FOA will acquire PHHs existing pipeline of reverse mortgages and expects to assume some of PHH's US-based reverse originations employees. And while PHH will stop originating reverse loans, it will continue to securitize reverse mortgage buyout loans. PHH agreed to sell reverse MSRs comprised of some 40,000 Ginnie Mae-backed HECMs. The loans had a total unpaid principal balance of $9.6 billion at the end of September.

The company essentially broke even in reverse originations during Q3 2025, posting a $1 million profit. Meanwhile, Onity's reverse servicing segment recorded $4 million in adjusted pretax income, a rebound from a $3 million loss in Q2 2025 but down from a $10 million gain in Q3 2024. Reverse originations maintained profitability with higher margins on lower volume, Sean O'Neil, Onitys chief financial officer, said during the company's third-quarter earnings call on Thursday morning.

We are working on expanding our wholesale and retail presence, which I think will essentially capture the market share that we're going to need to be at spot one, two or three, so to speak, Kinder said. Expanding retail, expanding wholesale, and just continue to offer good service to partners, good pricing, I think that will lead in itself to capturing more market share as we go on.

FOA reported an $80 million profit in the second quarter flat compared to the first quarter but a sharp turnaround from the $5 million loss in the same period last year. CEO Graham Fleming attributed the performance to consistent execution, rising profitability, and the growing relevance of home equity solutions for retirement. FOA's origination volume topped the high end of its quarterly guidance, reaching $602 million from April through June a 7% increase from the prior quarter and 35% higher year over year.

The entire structure of the arrangement is designed to put Unison in the same position, and to have the same right to payment, as an unadorned nonrecourse obligation to pay Unison 70% of the home's equity, less $194,250.

A reverse mortgage, or lifetime mortgage, allows homeowners aged 55 and over to borrow against their home's equity, requiring no monthly repayments.

SecureEquity+ offers expanded borrower eligibility guidelines compared to the federally insured Home Equity Conversion Mortgage (HECM), available to borrowers as young as 55.

Mortgage rates have reached 7% following President Trump's tariff announcement, but have since fallen to 6.91%, impacting reverse mortgage activity.

Developing Platinum Preserve required extensive discussions, legal structuring, and a lot of thoughtful work to get it right in today's environment.

The monetization of home equity is one solution that continues to gain traction as indicated through this very important report.

It's heavy on education and explaining what the product is, and how it can benefit clients that may not even think that they need a reverse mortgage, Ventura said.

The new housing assistance program, funded with $100 million, includes eligibility for reverse mortgage borrowers and aims to provide significant relief following disasters.

Equitable Bank's reverse mortgage division saw a remarkable growth of 45% year-over-year, reaching $2.5 billion CAD in volume for Q2 2025.

Morales emphasized the need for a shared posture of learning in the collaboration process, which greatly facilitated smooth communication between the forward and reverse mortgage sectors.

The goal here is to open up and create standardized datasets for reverse mortgages, while basing it on traditional mortgage data, to improve comparisons.

We're the first loan originators in the retail space for them, and we're hoping to make an impact in it. They've been very supportive, and I'm honored to be in this next chapter with them.

‘Most of what we’re focused on now is riding the wave daily…we’re focused on execution, getting our sales force in front of customers.’ — Jesse Allen, emphasizing the importance of execution and daily operations.

The panel quickly jumped on issues they've face with appraisals as a key impediment in the closing process.

NRMLA is set to host its Western Regional Meeting in Irvine on April 29, featuring panels on proprietary reverse mortgages and a session with Bill Gross.