DOGE’s planned closure of HUD field offices across the nation likely includes the Tulsa, Oklahoma field office, which houses HECM operations and the National Servicing Center.
Continue readingHECM National Servicing Center Faces DOGE Closure
February 2025 Top 100 HECM Lenders Report
The new year begins with the Top-10 Shuffle. Did the year begin with a whimper or a roar? Watch and download this month’s retail lenders report for HECM endorsements recorded in January.
Continue readingIt’s not a good time to be a Home Equity Alternative Company
|E868| Now’s not a good time to be a company offering home equity alternatives to reverse mortgages or HELOCs. Last month, the CFPB issued a warning on equity sharing arrangements. Last October, Washington State’s Attorney General’s office filed a suit against Unison. Now, Hometap is in the crosshairs of the Massachusetts State Attorney General’s office, who allege that the company “pervasively and systematically violated the state’s consumer protection laws.
Continue readingA Cure for ‘Perma-Renting’ in Reverse!
There’s an uptick of Canadian reverse mortgage borrowers using their loan to help their heirs buy a home. Heres how…
Continue readingHow a Reverse Mortgage Paid Off Twice!
Employees of the CFPB will have a lot of time on their hands. Scott Bessent, confirmed as Treasury secretary is now the bureau’s acting director who told CFPB employees to halt most work.
Continue readingCFPB employees told to halt most work
Employees of the CFPB will have a lot of time on their hands. Scott Bessent, confirmed as Treasury secretary is now the bureau’s acting director who told CFPB employees to halt most work.
Continue readingJanuary 2025 Top 100 HECM Lenders Report
The new year begins with the Top-10 Shuffle. Did the year begin with a whimper or a roar? Watch and download this month’s retail lenders report for HECM endorsements recorded in January.
Continue readingNew Illinois bill prompted by reverse mortgage home improvement scam
One Illinois scammer was so prolific in victimizing older homeowners tricking them into a reverse mortgage that it prompted the State Assembly to draft a new bill.
Continue readingPresident Trump names acting HUD Secretary
A look at President Trump’s recent executive order addressing America’s housing affordability crisis and what it means for current and potential reverse mortgage borrowers.
Continue readingWhat LA wildfire victims with a reverse mortgage need to know
Here’s what LA fire victims with a reverse mortgage need to do and how servicers can help.
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