Onity Group, parent company of top five reverse mortgage lender and servicer Liberty Reverse Mortgage, will acquire reverse mortgage assets from Mortgage Assets Management, LLC (MAM), a subsidiary of investment funds managed by Waterfall Asset Management.

The deal, initially announced by Onity during its Q2 earnings call, suggests that Waterfall is committed to the reverse mortgage space. The assets at the heart of the agreement are already subserviced by PHH Mortgage, itself a subsidiary of Onity and the parent company of Liberty.

The assets have “a details ⇒

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