Reverse

Inland Mortgage Capital LLC has appointed Marcus Perry Senior Vice President of Loan Origination for the Eastern Region
CIT Group Inc. is exiting the reverse mortgage market by selling its Financial Freedom unit and reverse mortgage portfolio to an undisclosed buyer.   Financial Freedom became part of CIT Group when the latter acquired OneWest Bank in August 2015. The deal covers Financial Freedom’s mortgage... Keep Reading....
The Consumer Financial Protection Bureau (CFPB) has released a set of principles designed to protect consumers when they authorize third party companies to access their financial data
The Consumer Financial Protection Bureau (CFPB) has issued a report warning older consumers the use of about the use of reverse mortgages as a tool to bridge the gap in income if they decide to delay Social Security benefits until a later age.   The CFPB report found, in general, the costs and... more
WR Starkey Mortgage LLP has announced it would officially rename the company Certainty Home Loans LLC and launch a complete rebrand
Starkey Mortgage has announced the launch of its Reverse Mortgage Division, to be led by Ken Witte, Branch Manager and Reverse Mortgage Specialist.   “We believe that offering a full range of loan products is best for our clients so we can assist everyone from the first-time borrower to the last-... more
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... more
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