Finance of America grew its reverse mortgage business significantly in the second quarter, despite posting a $29 million loss during the period. Processing Content Funded volume increased 21% year over year to $730 million for the Texas-based reverse mortgage company, meanwhile its net income fell 136% from $80 million in the second quarter of last

Loandepot cut its quarterly loss to a fraction of what it was three months ago, as a pivot into home equity lending lifted margins and a rate-driven servicing gain helped the bottom line. Processing Content The Irvine, California-based lender and servicer posted a $6.6 million net loss for the second quarter, a sharp improvement on