Another chapter of the reverse mortgages saga has been added, with one state legislature passing a bill designed to protect seniors with a “cooling-off period.”
The Department of Housing and Urban Development cleared up what had been a perplexing issue for homeowners, lenders and counselors for years.
How much responsibility should originators take for confusion about reverse mortgages?
When Open Mortgage went looking this year for someone to lead their recruiting efforts in the retail and reverse mortgage space, they also found someone to increase their footprint in the market.
A Consumer Financial Protection Bureau study’s findings have stirred up a hornet’s nest in the reverse mortgage industry, with a response from that industry’s association president taking the issue head on.
Today the CFPB released the results of a study that found many consumers were left with the wrong impression after seeing reverse mortgage ads