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Real estate
Massachusetts AG sues HomeTap above ‘illegal reverse mortgage’
The lawsuit Attorney -General Andrea Joy Campbell The lawsuit tightened this week in Suffolk County Superior Court. The lawsuit claims…
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Real estate
Does Trump’s financing investigation influence reverse mortgage programs?
End Biden era reports In one of the last HUD -Financial reports from the Biden administration, the tax year of…
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Real estate
Oregon Bill could threaten its own reverse mortgage activities
The bill ‘allows a lender that, in an inverted mortgage, offers a fixed amount in exchange for a claim on…
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Real estate
New York Bill is looking for more disclosures for reverse mortgages
Sen. Leroy Comrie (D) introduced the bill, S2559on January 21. It aims to set up a “information overview” at state…
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Real estate
Home Inspector sees interaction with the reverse mortgage industry
New construction The Reverse Hypotheek industry has a while aimed at communicating the potential benefits of the Home Equity Conversion…
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Real estate
CFPB received less reverse mortgage complaints in 2024
About one in three complaints had to do with borrowers who “struggled to pay for their mortgage”, and almost half…
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Real estate
A Chicago contractor has been convicted in a reverse mortgage scam
Davis said Diamond’s scheme “defrauded more than a hundred elderly and vulnerable homeowners, betrayed their trust and devastated them financially.”…
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Real estate
Reverse mortgage foreclosure protection could help LA borrowers
Potential application to Los Angeles The action applied to the Home Equity Reverse Mortgage Information Technology (HERMIT) system, originally launched…
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Real estate
As the fires burn in LA, the reverse mortgage industry is emphasizing the need to connect with servicers and insurers
With more than 153,000 people currently under evacuation orders in the Los Angeles area due to multiple wildfires, an estimated…
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Real estate
The new CFPB report looks at reverse mortgage activity through 2023
The Consumer Financial Protection Bureau (CFPB) released its report in December Mortgage market activity and trends for 2023 report, providing…
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