A recent CFPB report examines compliance with Loan Officer Compensation and reverse mortgages are noted…
Continue readingThe big surprise despite low HECM loan volumes
A reverse mortgage, sell the house, or Medicaid?
A recent CFPB report examines compliance with Loan Officer Compensation and reverse mortgages are noted…
Continue readingWhy U.S. Treasuries & 10-year CMT are surging
Will Lower Interest Rates Crush Home Prices?
Lower interest rates always push home prices higher right? Not necessarily. Here’s why…
Continue readingThe Biggest Reverse Mortgage Trends of 2023
Reverse Mortgage Daily’s Chris Clow has complied the biggest developments of 2023 in the reverse mortgage industry. What follows is a summary…
Continue readingFew can afford to age in place
The data is in and reveals that Increasingly older Americans are struggling to cover their housing expenses as the cost of everyday goods and services is 20% higher than it was in 2019
Continue readingReverse mortgage borrower information breached in cyberattack
On December 15th mortgage lending giant Mr. Cooper began notifying 14.7 individuals that their personal information was stolen in a Cyberattack that took place between October 30 and November 1. Roughly 32,000 reverse mortgage borrowers had their bank account information compromised in the incident.
Continue readingThe Danger of Mandatory Mortgage Payments in Retirement
Why having a mandatory mortgage payment in retirement may be dangerous!
Continue readingAARP joins class action lawsuit against RMF and Celink
AARP has joined a class action lawsuit against former reverse mortgage lender Reverse Mortgage Funding (RMF) and loan servicer Celink.
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