FHA to cover payments when a lender is in default say ML
FHA's latest HECM-related mortgagee letter explains what happens when a reverse mortgage lender defaults on their obligation to make timely payments to the borrower.
HECM Lenders
Top-Ten Ranked Lender Exits Reverse
One Reverse Mortgage announces departure from reverse mortgage lending The news of One Reverse Mortgage’s exit from reverse mortgage lending was unexpected news for industry participants. The directive to cease reverse mortgage operations came from the lender’s parent company Quicken Loans. One Reverse Mortgage ranked in the top 10
No Reason to Panic
It’s not just the HECM market that led to Live Well’s exit It’s been quite some time since a top-ten HECM lender has left the industry. The news of Live Well Financial’s sudden exit from reverse mortgage lending last Friday left many somewhat stunned. But in fact, the company is
Compliance: CFPB Levies Penalties on HECM Lenders
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
August Top 100 HECM Lenders Report
Download your August Top 100 Retail HECM Lenders Report Here. This report was compiled from data courtesy of Reverse Market Insight.
July 2014 Top 100 HECM Lenders
Download your July Top 100 Retail HECM Lenders Report Here. This report was compiled from data courtesy of Reverse Market Insight.
June 2014 Top 100 HECM Lenders
Download your June Top 100 Retail HECM Lenders Report Here. This report was compiled from data courtesy of Reverse Market Insight.
April Top 100 HECM Lenders
Download your April Top 100 Retail HECM Lenders Report Here. April was a tumultuous month in HECM endorsement activity. See all of the active lender rankings in this month’s report. This report was compiled from data courtesy of Reverse Market Insight. [ad#UFA-New]
