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The Consumer Financial Protection Bureau (CFPB) has issued a proposal that would alter the reporting requirements for banks and credit unions that issue home equity lines of credit (HELOCs)
The Consumer Financial Protection Bureau (CFPB) has issued a proposal that would alter the reporting requirements for banks and credit unions that issue home equity lines of credit (HELOCs).   Under rules that are scheduled to take effect in January 2018, financial institutions are generally... Keep Reading....
Reverse Mortgage Funding LLC (RMF) is now offering LQ, a loan qualification engine for the Bloomfield, N.J.-based company’s approved broker partners and loan officers
Reverse Mortgage Funding LLC (RMF) is now offering LQ, a loan qualification engine for the Bloomfield, N.J.-based company’s approved broker partners and loan officers.   According to the company, the new technology is within Tango Reverse, RMF’s proprietary loan origination system, and is designed... more
As part of World Elder Abuse Awareness Day (WEAAD), the National Reverse Mortgage Lenders Association (NRMLA) and the National Aging in Place Council (NAIPC) have jointly launched new consumer Web pages
As part of World Elder Abuse Awareness Day (WEAAD), the National Reverse Mortgage Lenders Association (NRMLA) and the National Aging in Place Council (NAIPC) have jointly launched new consumer Web pages to help seniors recognize the signs of abuse and report instances of financial fraud and... more
Norcom Mortgage has added Pete Mendenhall as vice president of Reverse Lending
Norcom Mortgage has added Pete Mendenhall as vice president of Reverse Lending.   “I am very impressed with the Norcom culture that President and CEO Phil DeFronzo has fostered and built over the last 28 years,” said Mendenhall. “Dating back to the beginning while working side by side with his... more
GSF Mortgage Corp. continues to expand GSF Funding, the TPO/Correspondent Lending Division and welcomes David Kirchen as the new director of TPO/Correspondent Lending
The U.S. Department of Justice has announced that Austin-based Financial Freedom has agreed to a settlement of more than $89 million to resolve charged that it violated the False Claims Act and the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (FIRREA) in connection with its... more