reverse
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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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Real estate
The Top 10 Reverse Mortgage Lenders of 2024
2024 is in the rearview mirror, and with many reverse mortgage lending professionals citing interest rates as the top challenge…
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Real estate
Reverse Mortgage Professionals on Partnering with the Progressive Side in 2025
“The easiest way to present this program is actually the purchase,” he said. “I think we’ve missed that over the…
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Real estate
The number of reverse mortgage cases reaches a two-year high
According to data collected by Reverse market insight (RMI). But after additional data for the month of October was released,…
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