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Reverse mortgage endorsements see a sharp drop as HMBS issuance falls modestly in November

November saw a reverse mortgage endorsement drop absent case number assignment data, while issuance was nearly level with October data.

United statesGinnie maeJohn lundeMutual of omahaFairway independent mortgage corporationGuild mortgageAmerican advisors groupEquity conversion mortgageReverse market insightNew viewConstant maturity treasuryNew englandLiberty reverse mortgageCherry creek mortgageReverse mortgage fundingOpen mortgage

Open Mortgage shutters reverse division

Open Mortgage's CEO confirmed the lender's reverse mortgage division is closing shop by the end of the year.

United statesScott gordonOpen mortgageReverse market insight

Guild Mortgage posts reverse earnings, leaders see potential

After acquiring Cherry Creek's reverse division earlier this year, Guild leaders see "potential" in reverse mortgages.

United statesCherry creekAmber kramerGuild mortgageCherry creek mortgageHome equity conversion mortgageReverse market insight

Reverse mortgage volume sees slight uptick, but HMBS issuance drops again in October

HECM volume was flat in October, according to RMI data, while HMBS issuance fell again, based on data from Ginnie Mae and New View Advisors.

United statesGinnie maeJohn lundeTraditional mortgage acceptance corpGuild mortgage companyEquity conversion mortgageReverse market insightNew viewReverse mortgage fundingTraditional mortgage acceptanceGoodlife home loansLiberty reverse mortgageAmerica reverseAll points memorandum

Longbridge parent s latest acquisition deal mutually terminated

Ellington Financial and Great Ajax Corp. announced the mutual end of a merger agreement announced in July.

Arlington asset investment corpGreat ajax corpEllington financialLongbridge financialGreat ajaxArlington asset investmentReverse market insight

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