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  2. PHH Corporation - Wikipedia

    en.wikipedia.org/wiki/PHH_Corporation

    The PHH Corporation is an American financial services corporation headquartered in Mount Laurel, New Jersey [ 2] which provides mortgage services to some of the world's largest financial services firms. [ 3] PHH is the biggest U.S. outsourcer of home loans, processes and originates mortgages on behalf of small banks and some of the world's ...

  3. Reverse mortgage - Wikipedia

    en.wikipedia.org/wiki/Reverse_mortgage

    A reverse mortgage is a mortgage loan, usually secured by a residential property, that enables the borrower to access the unencumbered value of the property. The loans are typically promoted to older homeowners and typically do not require monthly mortgage payments. Borrowers are still responsible for property taxes or homeowner's insurance.

  4. Reverse mortgage: What it is and how it works - AOL

    www.aol.com/finance/reverse-mortgage-works...

    A reverse mortgage is a type of loan that allows homeowners ages 62 and older to borrow against their home’s equity for tax-free payments. The reverse mortgage lender makes these payments to the ...

  5. Everything You Need to Know About a Reverse Mortgage ... - AOL

    www.aol.com/everything-know-reverse-mortgage...

    A reverse mortgage is a type of loan that allows property owners ages 62 and older to convert home equity into cash. Unlike a regular mortgage, you don’t need to make monthly loan payments ...

  6. How do you pay back a reverse mortgage? - AOL

    www.aol.com/finance/pay-back-reverse-mortgage...

    Option 3: Take out a new mortgage. If the borrower’s heirs want to keep the home, they can simply take out a new mortgage on the house to pay off the balance of the reverse mortgage. This is ...

  7. Mortgage Electronic Registration Systems - Wikipedia

    en.wikipedia.org/wiki/Mortgage_Electronic...

    Mortgage Electronic Registration Systems, Inc. (MERS) is an American privately held corporation. [1] MERS is a separate and distinct corporation that serves as a nominee on mortgages after the turn of the century and is owned by holding company MERSCORP Holdings, Inc., which owns and operates an electronic registry known as the MERS system, which is designed to track servicing rights and ...

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