Category Archives: Past Stories

NRMLA Close to Naming Firm Alleged to Be Violating Its Policies

The National Reverse Mortgage Lenders Association is in the final stages of “publicly naming” an overly aggressive third-party lead generation company which has consistently violated the group’s ethics and standards policies. A public naming is the last of six different … Continue reading

Posted in Past Stories | Leave a comment

Reverse Mortgages Face the Music

November 19, 1:42 PMMortgage ExaminerMichael Richardson Once booming, Home Equity Conversion Mortgages have begun a slowdown that could continue until home prices stabilize. In the fiscal year that just ended, mortgage lenders funded 114,692 reverse mortgages under the FHA’s HECM … Continue reading

Posted in Past Stories | Leave a comment

Landmark Reverse offers appraisal solutions

Landmark Reverse is the first in the nation to offer two HVCC/FHA Appraisal Solutions. The Regional Solution is designed for smaller lenders. The Regional Solution allows local mortgage brokers to submit their approved appraisers to their database for verification and … Continue reading

Posted in Past Stories | Leave a comment

Abuses found in reverse mortgage marketing

Carolyn Said, Chronicle Staff Writer Reverse mortgages, which let seniors cash out home equity, have the potential to spawn another subprime-style financial crisis, according to a report released Tuesday. “We’re seeing some of the same types of abuses that… Read … Continue reading

Posted in Past Stories | Leave a comment