Daily Archives: February 8, 2009

Minnesota’s legislators and attorney general, concerned about disreputable mortgage brokers and lenders taking advantage of seniors, have introduced a bill that would allow borrowers to rescind a reverse mortgage for up to 30 days. The legislation, introduced in both the … Continue reading →

WSFS Financial Corp. wrote down $2.4 million in the fourth quarter related to reverse mortgage investments. Meanwhile, 1st Reverse Financial Services, a reverse mortgage lending company the corporation bought last year, has adjusted its business model as it posted almost $1.6 … Continue reading →