Unable to use embedded player? Listen here.
Show Summary
A recent CFPB action against a Chicago non-bank lender could potentially impact reverse mortgage advertising. The complaint centered on claims the lender engaged in redlining- a practice in which a lender discourages potential applicants who live in specific disadvantaged or poor neighborhoods from applying.
Other Stories:
- NRMLA clarifies the most recent New York state mortgage regulations and their impact on reverse mortgage lenders.
- A preview of this week’s Industry Leader Update which examines wealth inequality and the important role home equity plays.
No comment yet, add your voice below!