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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

Judge Triples Penalty Against Allied

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

HUD Updates MIP for HECM Program

The Department of Housing and Urban Development (HUD) has announced changed to its Home Equity...Read more
American Advisors Group (AAG) has launched AAG & You, Better Together program, a new endeavor designed to increase the Orange, Calif.-based reverse mortgage provider’s investment in its wholesale partner relationships

Ted Zepfel Joins AAG as VP of Operations

American Advisors Group has added Ted Zepfel as Vice President of Operations for Alternative...Read more
New York State Attorney General Letitia James urged the Consumer Financial Protection Bureau (CFPB) not to adopt its recently-proposed rule

CFPB Offers New Warning on Reverse Mortgages

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 Launches Reverse Mortgage Division

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)

CFPB Considers Altering HELOC Reporting

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 Debuts Loan Qualification Engine

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

NRMLA and NAIPC Offer Elder Abuse Resources

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

Pete Mendenhall Joins Norcom Mortgage as VP of Reverse Lending

Norcom Mortgage has added Pete Mendenhall as vice president of Reverse Lending. “I am very...Read more
New York City-based SLK Global Solutions, a business process transformation enterprise provider, has named Nate Johnson as its new senior vice president-mortgage business leader

Financial Freedom in $89M Settlement on FIRREA Charges

The U.S. Department of Justice has announced that Austin-based Financial Freedom has agreed to a...Read more

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