AARP has joined a class action lawsuit against former reverse mortgage lender Reverse Mortgage Funding (RMF) and loan servicer Celink.
Continue readingAARP joins class action lawsuit against RMF and Celink
The 6 fastest ways to cash out your home equity
There’s been much media buzz about ‘AI’ or Artificial Intelligence but where can it be used in the reverse mortgage industry?
Continue readingHere’s where HECM lenders are vulnerable
In its January 24th column Urban notes the recent bankruptcy of Reverse Mortgage Funding exposes lender vulnerabilities in the HECM program. Here’s why…
Continue readingMore layoffs expected in February and March
According to recent official filings more reverse mortgage professionals will be laid off in February and March…
Continue reading10 million seniors burdened with a mortgage
More than 10 million people across the United States aged 65 and older are still paying off their home mortgages, even into retirement years, according to a recent report from Lending Tree
Continue reading