The bank has sold off all the securities it acquired as collateral on loans to Live Well Financial, a reverse lender that suddenly ceased operations in May
Reverse mortgages are all the rage the Great White North; could they become the loan product of choice for originators and homeowners in the United States, too?
The defunct lender’s former CEO is accused of falsely inflating the value of the company’s bond portfolio by more than $140 million
The founder and former CEO of the company has been accused of orchestrating a scam to hoodwink lenders – all while inflating his own paycheck by 700%
The integration lets reverse mortgage lenders handle their own marketing campaigns
The AG calls the sale an “attempted end-run” around homeowner protections
The mortgage vet will handle several teams to implement the firm’s operations strategy
Senior homeowners can access up to $4 million of their home equity
.jpg)
Could reverse mortgages be the product of the future?
by Kimberly Greene