Reverse Mortgage News by HECMWorld HECMWorld

EPISODE #832
The CFPB issues consent order against former national HECM servicer
[National Mortgage News] Last week the Consumer Financial Protection Bureau (CFPB) issued a consent order against former HECM servicer Novad Management and Sutherland Global seeking millions in civil and monetary damages.n for Details]

Other Stories:

[Reverse Market Insight] The latest HECM trends and data from RMI’s Jon McCue.

[National Consumer Law Center] Industry Advocates Highlight Measures to Counter Elder Real Estate Fraud. Press release.

EPISODE #831
Exclusive Interview: A Revolution in HECM Calculations
Lenderful Solutions has revolutionized the typical HECM calculator with its Point-of-Sale consumer interface. We interview Paul Lehnert to learn more about this powerful sales tool.[sListen for Details]

Other Stories:

[National Mortgage News] Finance of America Reverse trims more jobs to right size its lending operations.

[CNBC] Why tapping into record home equity is tricky.

EPISODE #830
Flood insurance may force reverse mortgage borrowers to give up their home
[Housing Wire] U.S. Senator Bill Cassidy (R-LA) exposes how FEMA’s new flood rating methodology is putting one couple with a reverse mortgage at risk among others. [Listen for Details]

Other Stories:

[Housing Wire] Ginnie Mae says new HECM mortgage-backed security should be launched by year’s end with initial details coming this month.

[CNN] Zero-down mortgages are back! Here’s what you need to know..

Fraud & Family often go hand in hand
[Michigan Live] Financial fraud is often committed by family members. Especially elder financial abuse as shown in a recent Dear Amy column in Michigan Live.. [Listen for Details]

Other Stories:

[The Associated Press] Some older Americans splurge to keep homes accessible.

[Yahoo Finance] Older mortgage applicants are much more likely to be denied a mortgage.

[Go Banking Rates] Here are four reasons more Baby Boomers now find themselves being house-poor.

Other Stories:
[New York Times] The high-class problem that is home equity.
[Reverse Market Insight] RMI’s Market Minute with Jon McCue.

EPISODE #827
Retirement is Becoming a Luxury
[Tampa Bay Times Editorial Board]

A recent AARP survey finds that retirement is increasingly becoming a luxury. Here’s what the survey reveals…[Listen for Details]

Other Stories:

[RMD/Housing Wire] Atlas Valuation hires former AAG head appraiser.

[CBW Money Watch] Experts weigh in when a reverse mortgage is the best home equity option.