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Parent Company of former HECM lender converts to Chapter 7

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EPISODE #818

Parent company of former HECM lender converts to Chapter 7 Bankruptcy

[Housing Wire]

A judge in the U.S. Bankruptcy Court for the District of Delaware has allowed the parent company of a former reverse mortgage lender to convert from Chapter 11 to Chapter 7 bankruptcy. Here’s why the conversion was granted by the court. Here are the details.  


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      [Housing Wire]  HUD’s proposed budget reveals reverse mortgage Congressional requests

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reverse mortgage podcast   reverse mortgage podcast HSomRSan 

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    • Exactly. Greed is often a common motive.

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