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Why equity-tapping challenges may make reverse mortgages ‘inevitable’ - HousingWire
HousingWire· 14 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...
Small Business - The Brewton Standard | The Brewton Standard
The Brewton Standard· 5 days agoA reverse mortgage is a novel financial strategy that enables homeowners aged 62 and up to turn a portion of their home equity into cash without having ...
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...
Supreme Court sides with the Consumer Financial Protection Bureau, spurning a conservative attack
Stamford Advocate· 6 days agoThe Supreme Court on Thursday rejected a conservative-led attack that could have undermined the...
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 ...
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...