Ocwen Financial Corporation Liberty is a wholly owned subsidiary of Ocwen Financial Corporation (NYSE: OCN), a leading financial services holding company.

Tom Selleck If you watch TV at all, you have probably seen a commercial featuring Tom Selleck talking about reverse mortgages. No matter what he is saying, there is something about his voice and direct gaze that really does pull you in. In one spot, he is in a city loft.

A reverse mortgage is a type of home loan for seniors ages 62 and older. 1. Reverse mortgage loans allow homeowners to convert their home equity into cash income with no monthly mortgage payments. Reverse mortgages can be a great financial decision for some seniors but a poor financial decision for others.

Stanley C. Middleman Stanley C. Middleman is the founder and CEO of Freedom Mortgage Corporation, one of the largest and fastest-growing full-service mortgage companies in the country.

Stanley C. Middleman Stanley C. Middleman is the founder and Chief Executive Officer of Freedom Mortgage Corporation, the nation's sixth largest mortgage lender, headquartered in Boca Raton, FL.

WASHINGTON, D.C. – The Consumer Financial Protection Bureau (CFPB) today filed a complaint and proposed consent order alleging that American Advisors Group (AAG) used inflated and deceptive home estimates to lure consumers into taking out reverse mortgages.

Frieda Brock and Tom Selleck on the AAG commercial set.

However, unlike a traditional mortgage, with a reverse mortgage loan, borrowers don't make monthly mortgage payments. The loan is repaid when the borrower. Interest and fees are added to the loan balance each month and the balance grows.

You can better manage expenses in retirement Many seniors experience a significant income reduction when they retire, and monthly mortgage payments can be their biggest expense. With a reverse mortgage, you can supplement a diminished income and continue to pay your bills.

American Freedom Mortgage, Inc.

Stanley C. Middleman, President and CEO of Freedom Mortgage, and his family are longtime supporters of CHOP. Mr. Middleman is a member of CHOP's Foundation Board of Overseers, a group comprised of volunteers who champion and advance the hospital's mission through their leadership of philanthropic efforts.

And it's been four years since private equity manager Reverence Capital Partners agreed to acquire 75% of Advisor Group from Lightyear Capital, PSP Investments and other investors.