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The number of mortgage holders with an interest rate incentive to refinance is now at 1.86 million, 56 percent decrease from the start of the year
Homeowners who are 62-years-old and higher saw their home equity increase by a combined 2.4 percent...Read more
A federal judge tripled the penalty enacted against two Texas-based mortgage companies, Allied Home Mortgage Corp. and Allied Home Mortgage Capital Corp., and their CEO Jim Hodge for violating the False Claims Act
A federal judge tripled the penalty enacted against two Texas-based mortgage companies, Allied Home...Read more
The Federal Housing Administration (FHA) is proposing a new rule that it claims will strengthen its Home Equity Conversion Mortgage (HECM) program
The Department of Housing and Urban Development (HUD) has announced changed to its Home Equity...Read more
The reverse mortgage lender American Advisors Group (AAG) is moving its sales and marketing teams to a newly-leased 64,405-square-foot space at Irvine Towers in the Business District of Irvine, Calif.
American Advisors Group has added Ted Zepfel as Vice President of Operations for Alternative...Read more
Consumer Financial Protection Bureau (CFPB) Director Kathleen L. Kraninger has announced leadership changes within the Bureau
The Consumer Financial Protection Bureau (CFPB) has issued a report warning older consumers the use...Read 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...Read 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...Read 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...Read 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...Read more
Norcom Mortgage has announced the launch of the JumpStart Pre-Approval Program with Rate Assurance
Norcom Mortgage has added Pete Mendenhall as vice president of Reverse Lending. “I am very...Read more