Reverse mortgage software and technology provider ReverseVision has grown their company with the addition of a new Operations Team, according to an announcement from the company.
Read More »Home >> Tag Archives: Reverse Mortgages (page 3)
CFPB Report Identifies Consumer Complaints on Reverse Mortgages
Most of the complaints boil down to consumer confusion over the terms of a loan. The most common complaint is that borrowers are unable to refinance. Related, many consumers dislike that they cannot change the terms of the loan.
Read More »FHA Releases Guidance on HECM Advertising
HUD issued a new Mortgagee Letter warning lenders participating in the FHA's reverse mortgage program against using deceptive advertising regarding the program. FHA Commissioner Carol Galante explained the guidance "is intended to make sure lenders know we're keeping a watchful eye on their marketing and advertising practices that might steer borrowers toward reverse mortgage options that limit their available choices."
Read More »