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RMF Takes Over Live Well's $4B HMBS Portfolio


Reverse Mortgage Funding has purchased Live Well Financial's $4 billion Home Equity Conversion Mortgage-backed securities. This acquisition makes RMF the owner of the largest HMBS issuance portfolio across the industry, according to a new report.

"Live Well will continue to actively aggregate and trade volume of both reverse mortgage and forward mortgage-backed securities, Live Well Executive Vice President Bruce Barnes," according to Reverse Mortgage Daily.

“Buying and selling MSRs is very common within the mortgage industry. Selling certain MSRs within our portfolio has always been part of our strategy and will continue to be.”

Live Well has no plans at stopping with this sale. The company intends to continue the process of acquiring and aggregating trade volume with forward and reverse-mortgage backed securities.

"Since its founding in 2013, RMF has grown considerably in the HMBS space, typically ranking within the monthly top five for HMBS issuers," according to the report.

"For November 2018, RMF ranked number four on the list of top five HMBS issuers with $44.8 million of new production at 15.1 percent market share."

To learn more about Live Well Financial and Reverse Mortgage Funding, click on the image above.

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