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
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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.
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FHA Commissioner Julia Gordon reaffirmed the agency’s commitment to the HECM program in her keynote address to the National Reverse Mortgage Lenders Association (NRMLA) Annual Meeting in Nashville, Tenn last week.
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Accurate Group surveyed over 1,000 consumers across the nation in the first quarter of 2023 to capture their intentions on how they plan to leverage or tap into their home equity.
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It’s official: Celink now provides loan servicing for Home Equity Conversion Mortgage (HECM) reverse loans sponsored by the Federal Housing Administration (FHA). RMD fills in the details in this week’s episode.
Other Stories:
[MarketWatch] A hot market cools way down
[RMD] Behind the scenes on FAR’s acquisition of AAG’s direct sales channel
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A rapidly-changing market has led two of our industry’s largest lenders to make big changes. One reduces its reverse mortgage workforce, another will close its traditional/forward division and focus on its productive reverse mortgage channel.
Other Stories:
Finance of America Mortgage closes forward unit- reverse remains the focus
Reverse Market Insight’s monthly market update
