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Reverse Mortgage News
Dec
09
2016
The reverse mortgage servicing rating of “RPS3” Outlook Negative is based on the pending sale of Financial Freedom’s...
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Dec
08
2016
American Advisors Group in Orange agreed to pay a civil penalty of $400,000, and Aegean Financial, an El Segundo firm...
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Dec
07
2016
“The DOJ has extracted a lot of money from major financial institutions using the False Claims Act, that is, arguing...
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Nov
22
2016
Wholesale home equity conversion mortgage (HECM) volume saw a decrease of 21.6% to 1,519 loans in September from 1,938...
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Nov
18
2016
“The more we talk to HUD, they are certainly open to issues with borrowers,” said Sherry Apanay, chief sales officer at...
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Nov
14
2016
“The conventional wisdom was that the reverse mortgage is a last resort when someone has run out of options,” Pfau said...
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Nov
08
2016
“As busy as the market is today, it is very busy in most parts of the country—appraisers are inundated with offers,”...
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Nov
04
2016
“It was a more flexible product in its earliest incarnations back in the day,” said John Lunde, founder and president...
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Nov
02
2016
The new procedures detail how CFPB examiners will review a reverse mortgage servicer’s compliance with applicable...
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