Employees of the CFPB will have a lot of time on their hands. Scott Bessent, confirmed as Treasury secretary is now the bureau’s acting director who told CFPB employees to halt most work.
Continue readingJanuary 2025 Top 100 HECM Lenders Report
The new year begins with the Top-10 Shuffle. Did the year begin with a whimper or a roar? Watch and download this month’s retail lenders report for HECM endorsements recorded in January.
Continue readingNew Illinois bill prompted by reverse mortgage home improvement scam
One Illinois scammer was so prolific in victimizing older homeowners tricking them into a reverse mortgage that it prompted the State Assembly to draft a new bill.
Continue readingPresident Trump names acting HUD Secretary
A look at President Trump’s recent executive order addressing America’s housing affordability crisis and what it means for current and potential reverse mortgage borrowers.
Continue readingWhat LA wildfire victims with a reverse mortgage need to know
Here’s what LA fire victims with a reverse mortgage need to do and how servicers can help.
Continue readingShould I help my parents to avoid a reverse mortgage?
One MSN reader asks if she should financially support her parents to avoid a reverse mortgage as she’s the sole heir. Here’s what they said.
Continue readingA HECM for Purchase Success Story.
Here’s how one Facebook post helped one couple relocate and purchase their retirement home near the coast of South Carolina.
Continue readingDecember 2024 Top 100 HECM Lenders Report
Here is the latest endorsement data for endorsements recorded in December 2024.
Continue readingBoomers expected to leave $17 trillion to kids
Older adult children who may face the need to support their aging parents even with a reverse mortgage. Here’s what one Ramsey Solutions caller had to say…
Continue readingThe HMBS program has gone from one to eliminate to one to emulate
Recently the Mortgage Bankers Association floated a proposal for Ginnie Mae to create a new mortgage-backed security program that would boost liquidity for which the agency’s new HMBS 2.0 program could serve as a template.
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