Home >> Tag Archives: Mortgage Complaints

Tag Archives: Mortgage Complaints

Older Americans Lodge Reverse Mortgage Complaints with CFPB

Reverse mortgages are one of the most-complained about financial products for older Americans, with a new CFPB report showing servicing issues, communication problems, and difficulty changing loan terms as a common concern for consumers 62 and older. This group also reports issues with financial scams, confusion around deferred-interest credit cards, and being charged for unauthorized add-on products and services. Aging Americans are at a higher risk for financial exploitation, according to CFPB Director Richard Cordray.

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CFPB Sees Drop in Mortgage-Related Complaints

Although mortgage-related complaints was listed as the third most-complained about consumer financial products and services, the rate of mortgage complaints are currently sitting around the national average, according to the CFPB’s recent monthly report. Also, find out which financial institutions made the list of the top ten companies that received the most complaints.

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