A cohort of former employees at now-defunct reverse mortgage lender Live Well Financial has been granted final settlement approval in a class action lawsuit brought against the company’s estate in May 2019. Monica Williams, a former loan account manager in Live Well’s Richmond, Va. headquarters, ini

San Diego-based reverse mortgage wholesale lender Smartfi Home Loans has forged a partnership with LoanPASS to use the technology company’s software-as-a-service (SaaS) product and pricing engine in its reverse lending operations. Stating its desire to expand reverse mortgage wholesale lending throu

Delinquencies rose in December but the rise is mostly due to the calendar: December ended on a Sunday, so payments made on the last day of the month were credited to January. As a result, some loans appeared temporarily delinquent, ICE noted in its First Look Mortgage Performance report. The nationa

New Jersey-based TD Bank has decided to invest $10 billion in affordable homeownership initiatives by 2027, including providing loans and liquidity to the residential lending market. The investment represents half of the bank’s three-year Community Impact Plan announced Wednesday, which will direct