The reverse mortgage servicing unit of OneWest, a bank founded by Treasury Secretary Steve Mnuchin, has settled a Justice Department probe into its practices during Mnuchin’s tenure there
Third-party originators will help make brokers’ jobs easier through Reverse Mortgage Funding’s new processing service
The Office of the Inspector General for the Department of Housing and Urban Development is warning the industry about inflated reverse mortgage appraisals
Only component missing in reverse mortgages is better education for the client
Mortgage debt among seniors is at an all-time high – something lenders in the reverse mortgage market are working to address
Transparency is key when discussing reverse mortgages with clients, especially in the wake of one article about what befalls these loans when the holder dies.
The guidance of financial planners can put client minds at ease about one controversial mortgage product, but could also result in a future referral partner.
The popularity of reverse mortgages is growing among consumers – and one company is taking that concept to stratospheric levels.