Items Tagged with 'Liberty'

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  • Is Liberty Home Equity Solutions about to get in on the proprietary reverse mortgage game?

    Parent company Ocwen reveals successful pilot program
    It seems Liberty Home Equity Solutions may be the next HECM lender to launch a proprietary reverse mortgage product. Liberty's parent company, Ocwen Financial, recently revealed that the company successfully test drove a non-agency reverse product in financial documents detailing fourth quarter earnings.
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  • Franklin Credit's Tribeca to Acquire New York Mortgage Co. Wholesale Platform

    Franklin Credit Management Corporation today announced that its wholly-owned origination subsidiary, Tribeca Lending, has entered into a definitive agreement with The New York Mortgage Company, LLC to acquire its wholesale mortgage origination operation, which includes offers of employment to approximately 60 sales and processing personnel located in Bridgewater, New Jersey. The sale of its wholesale platform will complete the disposition of most of New York Mortgage's lending assets. The company had announced February 7 that it would sell its retail operations to IndyMac Bank for $13.4 million, citing "significant challenges" in the mortgage industry.
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