Jeff Ausman will drive expansion in the forward business channel
The agency said the program ‘is losing money and can no longer remain viable in its present form’
The Department of Housing and Urban Development cleared up what had been a perplexing issue for homeowners, lenders and counselors for years.
Today the CFPB released the results of a study that found many consumers were left with the wrong impression after seeing reverse mortgage ads
Renovation loans can open up a whole new cache of properties to potential homebuyers. Here’s how to tap into the market.
Findings also included those who sell reverse reported that the best thing about offering the product was the considerable growth potential with the aging baby boomer population.
The new guidance for reverse mortgages, which requires that lenders consider both a borrower’s willingness and capacity to pay his or her loan obligations, was delayed.
While reverse mortgages are only available to a select group of consumers, the product still makes up a large portion of complaints received by the Consumer Financial Protection Bureau.