Monthly Archives: July 2009

GAO is concerned about advertising claims… Where do you stand?

Posted on July 10, 2009 by admin

The GAO also reviewed HECM lender marketing materials and highlighted six promotional claims and reasons they might mislead consumers: 1) Never owe more than the value of your home. Borrowers or their heirs could have a loan balance greater than … Continue reading →

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Sharp Drop in Financial Freedom Endorsements

Posted on July 1, 2009 by admin

Financial Freedom had only 39 retail reverse mortgages endorsed by the Federal Housing Administration in June, a dramatic drop from the more than 300 it had been logging in each of the last few months. However, the Irvine, Calif.-based lender … Continue reading →

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