Property Tax Relief Available in California
Mexico's Center for Economic and Budgetary Research analysis reveals the market potential for reverse mortgages and how the loan is presently structured. Learn more...
property taxes
What Boomers are looking for in senior housing
[The Mortgage Report ] The American Seniors Housing Association (ASHA) has released a report detailing the senior living priorities of the Baby Boomer generation.
Older Americans see the biggest property tax spikes in these cities
Recent data from Lending Tree reveals which cities are seeing the largest surge in property tax bills between 2019-2021
‘More reverse mortgage servicing protections needed’
The NCLC recommends the CFPB & the FHA create these reverse mortgage servicing protections After several years of servicing issues for both borrowers and their heirs reverse mortgage originators and lenders alike welcomed the news in March 2022 that Celink had been awarded the servicing of HECM loans held in
A Tough Sale?
A ‘tough sell’, HECM complaints, and property tax assistance for reverse mortgage borrowers This week, reverse mortgage stories from across the web…
New York Times: Expose Examined
Ironic. That is on the eve of the National Reverse Mortgage Lender’s Association Annual Meeting in San Antonio the New York Times published a front page expose. After a year and a half of mostly positive press since the introduction of the HECM Saver has the media pendulum swung back
The life of a reverse after closing
Often out of sight and mind after a reverse mortgage closes, servicing is the backbone of the ongoing relationship with the borrower. From monthly draws, tenure payments and loan questions reverse mortgage servicers are on the front lines of long-term customer support and care. The average loan officer is with
Moral Hazard?
Moral Hazard? One definition is the lack of incentive to guard against risk because one is protected from the consequences while the risk rests on another party. Is that what we have with reverse mortgage borrowers who have defaulted? Non-payment of taxes and insurance has been an issue. A look
