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Why equity-tapping challenges may make reverse mortgages ‘inevitable’
HousingWire via Yahoo Finance· 13 hours agoTraditional equity-tapping methods — such as selling the home or taking out a home equity loan —...
CFPB official talks reverse mortgage safety, counseling resources
HousingWire via Yahoo Finance· 2 days ago“There, scammers try to convince the reverse mortgage borrower to sign a power of attorney that...
What are the pros and cons of a reverse mortgage, and is it right for me?
CNN.com· 5 days agoTapping your home’s equity with a reverse mortgage may sound like the ideal way to supplement your...
When is a reverse mortgage the best home equity option? Experts weigh in
CBS News· 7 days agoOne home equity option many older homeowners are considering is a reverse mortgage, which allows...
The long road to remote reverse mortgage counseling in Massachusetts - HousingWire
HousingWire· 7 days agoFrom 2010 to 2024, the reverse mortgage industry sought to allow remote reverse mortgage counseling...
NYCB falls as profitability comes into focus after $5 billion loan sale
Reuters via Yahoo Finance· 7 days ago(Reuters) -New York Community Bancorp's shares reversed course to trade down 4% as a deal to sell $5...
Should I use a home equity loan to buy a car?
Bankrate via Yahoo Finance· 5 days agoFor one, you might end up needing that equity in an emergency. For another, you might find you’ve taken on too much debt, in-between your first mortgage...
Iowa Adopts Mortgage Servicer Prudential Standards | JD Supra
JD Supra· 2 days agoEffective July 1, Iowa House File 2392 (the “Iowa Law”) enacts mortgage servicer prudential standards (codified in Chapter 535B of the Iowa Code) that largely follow those ...
FOA’s Resch on the evolution of reverse mortgages for financial planning - HousingWire
HousingWire· 5 days agoAdvisers have read this, and they are hearing the messaging. One thing about advisers is that they...
In a win for Biden, Supreme Court allows consumer-finance protection agency to keep operating
Fortune· 6 days agoThe justices ruled 7-2 that the way the CFPB is funded does not violate the Constitution, reversing a lower court. The CFPB was created after the 2008 financial crisis to regulate mortgages ...
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