Deciding when to apply for Social Security can have a major impact on your retirement. Although you can collect retirement benefits as early as age 62, your monthly payment will get bigger the longer you wait. Waiting until the full retirement age (67 for most people) means you get the full benefits you are entitled to. After that, each year you wait to file your benefit will increase by 8% until you hit age 70, when there is no more advantage to waiting. Read More: 3 Little-Known Social Security Rules Th ...

Core Insights - Onity Group Inc. reported strong second quarter results for 2025, highlighting sustained profitability and growth despite market challenges [4][8] - The company emphasized its commitment to delivering strong shareholder returns through a diversified and technology-enabled business model [4] Financial Performance - Net income attributable to common stockholders was $20 million, with diluted EPS of $2.40 and a return on equity (ROE) of 17% [8] - Adjusted pre-tax income was $16 million, leading to an annualized adjusted ROE of 14% [8] - Originations volume reached $9.4 billion, a 35% increase year-over-year, surpassing the industry growth rate of 23% [8] - Average servicing UPB (unpaid principal balance) increased to $307 billion, up $2 billion year-over-year [8] Business Highlights - Funded recapture volume increased 2.4 times year-over-year, with a refinance recapture rate 1.5 times the industry average [9] - The average owned servicing UPB rose by 16% year-over-year to $153 billion [9] - The company maintained total liquidity of $218 million as of June 30, 2025 [9] Market Position - Onity Group operates primarily through its brands, PHH Mortgage and Liberty Reverse Mortgage, positioning itself as a leading non-bank financial services provider [7][10] - Fitch Ratings upgraded all of the company's residential primary servicer ratings, affirming its strong market position [9] Outlook - The company confirmed its previous guidance for 2025, maintaining an adjusted ROE range of 16% to 18% [8] - Onity Group anticipates the potential release of some or all of its $180 million deferred tax valuation allowance by year-end 2025 [8]

A home equity line of credit (HELOC) can be an attractive option for homeowners who want to access a flexible, low-cost line of credit. Some homeowners use HELOCs to cover financial emergencies and big-ticket items; others consolidate debt to make the balances more manageable. But what about using a HELOC to pay off your mortgage faster and enjoy lower monthly payments? Is it a good idea? Learn more: What can you use a HELOC for? What is a HELOC? A HELOC works like a credit card. It’s a revolving line ...

Financial Performance - Onity Group achieved an adjusted pre-tax income of $25 million in Q1 2025, compared to $15 million in Q1 2024[58] - The adjusted return on equity (ROE) reached 22% in Q1 2025, exceeding the full-year guidance of 16-18%[13, 81] - Book value per share increased to $58, up over $2 year-over-year[13, 36] - Servicing average UPB grew to $305 billion, an increase of $13 billion year-over-year[13] Business Growth and Strategy - Servicing additions totaled $17 billion, including $12 billion in MSR growth[13] - Originations volume increased by 53% year-over-year, surpassing the industry growth of 8%[28] - Consumer Direct funded volume increased 2.7x year-over-year[31] - The company launched enhanced home equity loans and a proprietary reverse mortgage product (EquityIQ)[29] Market Positioning and Outlook - The company expects the originations industry volume to increase by 17% in FY25 compared to FY24[17] - Onity is maintaining agility to evaluate all options to create value for shareholders[16] - The company confirms its full-year 2025 guidance, including an adjusted ROE of 16-18% and a 10+% increase in total servicing UPB[49]

Years ago, reverse mortgages had a shady reputation for putting older homeowners into too much debt. Now, thanks to higher standards and oversight, these mortgage types can be great tools for seniors looking to boost their income during their retirement years. Best reverse mortgage lenders of October 2025 Best reverse mortgage company overall: Mutual of Omaha The Yahoo view: Mutual of Omaha consistently ranks among the top-volume reverse mortgage lenders in the nation and offers an extensive selec ...

Core Insights - PHH Mortgage has achieved Fannie Mae's 2024 Servicer Total Achievement and Rewards™ (STAR™) Performer recognition in the General Servicing category for the fourth consecutive year [1][2] Company Performance - PHH serviced or subserviced approximately 1.4 million loans with a total unpaid principal balance exceeding $300 billion as of December 31, 2024 [3] - The company manages loans on behalf of around 4,000 investors and 125 subservicing clients [3] Industry Position - PHH Mortgage is recognized as one of the largest non-bank mortgage servicers in the United States, providing a variety of servicing and lending programs [4] - The company has built a servicing platform that emphasizes operational performance, customer focus, and innovative technology solutions [2]