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PHH Mortgage Corp

Onity Group raises $200M in debt, reports strong estimated Q4 earnings

Debt, Earnings, HWmember, Liberty Reverse Mortgage, Onity Group, PHH Mortgage Corp, Reverse, Reverse Mortgage Daily /

On the back of stronger estimated financial earnings, Onity Group — the parent company of PHH Mortgage Corp. and Liberty Reverse Mortgage — raised $200 million through a debt offering to qualified investors on Monday, exceeding its initial target of $150 million. The offering came amid the release of preliminary fourth-quarter 2025 financial results, with […]

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FOA maps next steps after PHH reverse asset acquisition

Finance of America, HWmember, Liberty Reverse Mortgage, Mergers and Acquisitions, MSRs, Onity Group, PHH Mortgage Corp, Reverse, Reverse Mortgage Daily /

Onity Group, the parent company of PHH Mortgage Corp. and its reverse mortgage arm, Liberty Reverse Mortgage, announced this week that it has chosen to stop originating reverse mortgages. Instead, Onity said it’s selling almost all of its reverse mortgage business to Finance of America (FOA). PHH is selling reverse mortgage servicing rights (MSRs) for

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PHH Mortgage will halt reverse originations, sell MSRs to Finance of America

Finance of America, HWmember, Liberty Reverse Mortgage, MSRs, Onity Group, Partnerships, PHH Mortgage Corp, Reverse, Reverse Mortgage Daily /

Onity Group — the parent company of PHH Mortgage Corp. and its reverse mortgage arm, Liberty Reverse Mortgage — announced on Tuesday that the company has entered into a “strategic relationship” with Finance of America (FOA) to sell $9.6 billion in mortgage servicing rights (MSRs), among other agreements. A press release said that PHH/Liberty will

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Rithm ends $33B subservicing deal with Onity

HWmember, LendingLife, Mortgage Servicing, Onity Group, PHH Mortgage Corp, Servicing /

Rithm Capital will no longer use Onity Group’s servicing subsidiary, PHH Mortgage Corp., as the subservicer of a $33 billion portfolio primarily composed of pre-2008 loans — ending an agreement that has lasted nearly a decade. Onity, which released its third-quarter earnings on Thursday, said it was notified by Rithm on Oct. 31 of its

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The top 10 reverse mortgage LOs in the country

Finance of America, HECM, HWmember, Loan Officer, Mortgage, Movement Mortgage, Mutual of Omaha Mortgage, PHH Mortgage Corp, Reverse /

On Wednesday, Reverse Mortgage Daily (RMD) brought you a ranking of the top five reverse mortgage loan originators in America. Today, we’ll round out the rest of the top 10 based on data from mortgage recruiting software provider Modex. #6: Jacob Flax, Caliver Beach Mortgage, $76.17 million The third member of the Caliver Beach Mortgage

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The proprietary reverse mortgage landscape is getting crowded

Finance of America, HWmember, Liberty Reverse Mortgage, Longbridge Financial, Mutual of Omaha Mortgage, Onity Group, PHH Mortgage Corp, Reverse /

The broader mortgage industry and the reverse mortgage subset have worked through a period of elevated interest rates for longer than anyone may have been expecting. Following a post-pandemic boom in volume fueled by Home Equity Conversion Mortgage (HECM) refinances, higher rates have served to restrict HECM volume, according to industry professionals and analysts. In

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Liberty’s Mike Kent talks relaunch of EquityIQ proprietary reverse mortgage

Liberty Reverse Mortgage, NRMLA, Onity Group, PHH Mortgage Corp, Reverse /

Mike Kent is a busy man. He’s been a key figure at Onity Group’s Liberty Reverse Mortgage for most of the past decade. He’s also served as co-chair of the National Reverse Mortgage Lenders Association (NRMLA) since 2019, and he now serves as senior vice president of reverse asset management and industry relations for Liberty

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