Last week the Consumer Financial Protection Bureau (CFPB) issued a consent order against former HECM servicer Novad Management and Sutherland Global seeking millions in civil and monetary damages
Continue readingA Revolution in HECM Calculators
Lenderful Solutions has revolutionized the typical HECM calculator with its Point-of-Sale consumer interface. We interview Paul Lehnert to learn more about this powerful sales tool.
Continue readingUS Senator says Flood Ins. rate hikes endanger reverse mortgage borrowers
One U.S. Senator calls for reform saying flood insurance premium hikes endanger some reverse mortgage borrowers.
Continue readingF Stands for Fraud…and Family
F is for family and fraud with most elder financial abuse committed by family members.
Continue readingWhy More Boomers are House-Poor
A New York Times column reveals four reasons more Baby Boomers are now house-poor.
Continue readingRetirement is becoming a luxury
A recent AARP survey finds that retirement is increasingly becoming a luxury.
Continue readingAppraisal bias protections and the HECM
Appraisal bias protections are extended to HECM applicants who may request a…
Continue readingHUD curtails some H4P concessions
Many older American homeowners now find themselves stuck in their homes being unable to…
Continue readingAging in Place or Stuck in Place?
Many older American homeowners now find themselves stuck in their homes being unable to…
Continue readingAARP: Rising Rates Hit Reverse Mortgage Payouts
Industry expert, author, and founder of Understanding Reverse contributed a column to Housing Wire’s Reverse Mortgage Daily that reveals two often overlooked facts about the HECM’s expected rate used to determine the federally insured reverse mortgage’s principal limit.
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