Tag Archives: Reverse Mortgage

An index that gauges the country’s retirement risk shows that while rising home prices and stock market gains have decreased the risks associated with retirement, today’s working-age population will need to save more or work longer to retire comfortably.

In a recent brief the Consumer Financial Protection Bureau (CFPB) examined the financial tradeoffs of entering into a reverse mortgage at the age of 62.

American homeowners aged 62 and older saw a significant jump in home equity. What could be driving this increase, and is it poised to continue?

Seniors are sitting on trillions in untapped equity. A recent report noted that retirement-aged homeowners saw an increase of 2.8 percent in home equity, or $170.7 billion, in Q4 2016. This puts their total housing wealth at $6.2 trillion. However, many seniors are still unwilling to tap into this wealth.

The Consumer Financial Protection Bureau alleged that the three companies engaged in deceptive advertising practices described in the Bureau's study on reverse mortgage advertising released last year.

Walter Investment Management Corp., has agreed to pay $29.63 million to resolve allegations that the company and its subsidiaries submitted false reverse mortgage loan claims, the Justice Department announced on Friday.

Recent updates to reverse mortgage rules places borrowers' well-being first and helps with unanticipated issues, according to the Federal Deposit Insurance Corporation's Summer 2015 newsletter released Thursday.

As new regulations go into effect and a new mortgage market takes shape this year, lenders and originators must reconsider current relationships and look for partnerships that synch with their priorities, according to Hammerhouse Strategic Growth Partners. Hammerhouse has dubbed 2014 "the year of the originator free agency," stating in a recent release, "[T]he key trend impacting the residential mortgage market in 2014 will be the development of the free agency market for successful mortgage originators."

Reverse mortgage software provider ReverseVision has a new client: Universal Lending Corporation (ULC), a Denver-based lender with more than three decades of experience in the business.

In San Diego, software provider ReverseVision introduced its newest client: Mason-McDuffie Mortgage Corporation, a lender with more than a century of experience helping homeowners achieve the American Dream.