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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....
On the same day the Secretary of the U.S. Department of Housing & Urban Development (HUD) announced that the Federal Housing Administration's (FHFA) Mutual Mortgage Insurance Fund is in the black for the first time since 2008, the official who oversees daily operations of FHA's federally... more
Home values are rising and equity held by senior homeowners is growing, two positive signs that retirees are on steadier footing today than they were after the bubble burst. However, too many older adults are leaving the workforce underprepared to fund their longevity, and reverse mortgage... more
New American Funding has announced the appointment of Ellen Skaggs as national reverse production manager
New American Funding has announced the appointment of Ellen Skaggs as national reverse production manager, where she plans to expand the company's Reverse Mortgage Division nationwide. Skaggs is a seasoned professional in the mortgage industry and has closed more than 3,800 loans over the last 31... more
CIS Credit is now integrated with reverse mortgage platform, ReverseVisions’ RV Exchange
CIS Credit is now integrated with reverse mortgage platform, ReverseVisions’ RV Exchange. This integration provides banks, investors, brokers and lenders with increased efficiency and expanded options in qualifying reverse mortgage applicants. CIS provides consumer credit reports from Experian,... more