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FHA to Get Second Opinion on Insurance Fund Shortfall 27 Aug 2013 | 03:15 am
After last year’s actuarial report on the financial health of the Federal Housing Administration’s Mutual Mortgage Insurance Fund, the Department of Housing and Urban Development is seeking a second o...
Banking Association Speaks Against CFPB Data, Complaint Collection Clearance 27 Aug 2013 | 03:13 am
The American Bankers Association has spoken against clearance for the Consumer Financial Protection Bureau’s information and complaint collection practices under the Paperwork Reduction Act, as the as...
Liberty: Financial Planners Change Tune on Reverse Mortgages 27 Aug 2013 | 02:37 am
A webinar series from Liberty Home Equity Solutions, Inc. revealed a sizable portion of its attendees positively changed their perceptions toward Home Equity Conversion Mortgages (HECMs). Now a year-...
CFPB Boosts Leadership Team with Newly Announced Hires 27 Aug 2013 | 12:56 am
Today the Consumer Financial Protection Bureau (CFPB) announced the addition of several new members to leadership positions within the agency. Cheryl Parker Rose joins the CFPB as Assistant Director....
Level of Debt Among Retirees Continues to Surge 26 Aug 2013 | 03:36 am
Nearly two out of three people in their 60s have today are carrying debt, up from half of the same age group in 1998. The level of debt as a share of assets is also on the rise, at 18% versus 10% 15 y...
Reverse Mortgage Players Make Inc. Fastest-Growth List 26 Aug 2013 | 03:33 am
Two appraisal management companies and one reverse mortgage lender have made Inc. magazine’s 5000 fastest-growing companies list for 2013. Ranking companies by a three-year growth rate from 2009 to 2...
Friday Round Up: HUD to Combine Reverse Mortgage Products 23 Aug 2013 | 11:55 pm
In case you missed it… here’s what happened in reverse mortgage news this week. HUD said it’s planning to combine existing reverse mortgage products. HUD is planning to create a new reverse mortgage....
Florida Title Agent Sentenced for Reverse Mortgage Scheme 23 Aug 2013 | 10:26 pm
A Florida woman was sentenced to prison Thursday for her role in a reverse mortgage fraud scheme, the Justice Department announced. Yesenia Pouparina, a Miami-based title agent and former mortgage br...
Financial Column: Take A Reverse Mortgage Now 23 Aug 2013 | 03:19 am
With reverse mortgage changes on the horizon, now may be the time for qualified applicants to take out a reverse mortgage even if they don’t need the money, writes financial columnist Jane Bryant Quin...
Justice Department Plans More Actions Against Financial Companies 23 Aug 2013 | 03:17 am
The Department of Justice is working on bringing more actions in coming months against large financial firms that contributed to the economic crisis, Attorney General Eric Holder told The Wall Street ...
