CFPB

Politics, Gridlock & CFPB Enforcement

Shannon HicksOctober 21, 2019October 21, 2019

by Shannon HicksOctober 21, 2019October 21, 20191650

Political gridlock, proposed changes & CFPB finding on HECM APRs We’re in the full swing of the political season as the 2020 presidential race is underway. In a recent LGBTQ Town Hall hosted by CNN on October 10th, former HUD Secretary Julian Castro called out the agency’s head Ben

Dodd Frank, Downsizing & Padding Loans

Shannon HicksMay 28, 2018May 25, 2018

by Shannon HicksMay 28, 2018May 25, 20183 490

Here are some reverse-mortgage related stories you may have missed...

Regulatory Rollback, State Pushback & Safer Loan

Shannon HicksApril 13, 2018April 13, 2018

by Shannon HicksApril 13, 2018April 13, 20182 598

Acting CFPB Director Mick Mulvaney said,“Regulation by enforcement is done. We’re not doing it anymore".

The Trump Era & The HECM

Shannon HicksMay 30, 2017May 26, 2017

by Shannon HicksMay 30, 2017May 26, 20171626

Good News for HECM, Not So Much for Housing Programs President Donald trump embodies the essence of a political wrecking ball in Washington D.C.- a city known to cling tightly to political traditions of governing and supporting long-standing social programs, despite our ballooning deficits. While the President weathers opposition from

Reverse Mortgage News Roundup

Shannon HicksMay 1, 2017May 2, 2017

by Shannon HicksMay 1, 2017May 2, 20173 773

This Week’s Top Reverse Mortgage Stories 1- CFPB Complaints on the Rise- The CFPB has been busy collecting consumer complaints. The Consumer Financial Protection Bureau reports an increase of 172% increase in reverse mortgage-related complaints since 2012. One could guess that much of this is due to increased consumer awareness of

Compliance: CFPB Levies Penalties on HECM Lenders

Shannon HicksMarch 20, 2017March 17, 2017

by Shannon HicksMarch 20, 2017March 17, 20171475

Recent CFPB actions highlight the importance of compliant advertising and sales practices Since the founding of the CFPB (Consumer Financial Protection Bureau) in 2011, lenders have found themselves navigating the ever-changing waters of regulatory compliance. Reverse mortgage lenders have recently felt the impact of the agency with three lenders paying

Not Surprised

Shannon HicksMarch 2, 2015February 27, 2015

by Shannon HicksMarch 2, 2015February 27, 20157 632

The media is inaccurate, misleading and selective in reporting the facts? What’s new. The Consumer Financial Protection Bureau’s recent release of it’s report on reverse mortgage complaints was seized upon by both the media and so-called consumer advocate groups. Surprised? No. Damaging? Possibly.

7 Questions We All Should Be Asking

Shannon HicksNovember 3, 2014November 13, 2014

by Shannon HicksNovember 3, 2014November 13, 201411 702

In the interest of best serving the needs of the borrower and protecting ourselves against future legal claims, each of us should reexamine the questions should be asking each potential borrower...

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How to be a HECM Expert on Television

Politics, Gridlock & CFPB Enforcement

Dodd Frank, Downsizing & Padding Loans

Regulatory Rollback, State Pushback & Safer Loan

The Trump Era & The HECM

Reverse Mortgage News Roundup

Compliance: CFPB Levies Penalties on HECM Lenders

Not Surprised

7 Questions We All Should Be Asking

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