Friday Round-Up: Navigating New Products, Will the CFPB Be Overhauled?

In case you missed it… here’s what happened in reverse mortgage news this week. 

Surviving Spouses File Reverse Mortgage Lawsuit Against HUD—AARP, on behalf of non-borrowing spouse plaintiffs, filed a class action lawsuit aiming to extend relief forthcoming from HUD resulting from a previous non-borrowing spouse suit. 

Navigating the New Reverse Mortgage Product Landscape—New products abound in the reverse mortgage market; RMD looked at the recent releases and their features from lenders Live Well and Reverse Mortgage Funding. 

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House Approves Bill to Overhaul CFPB—The House of Representatives passed a bill that would restructure and remove power from the Consumer Financial Protection Bureau—a goal House GOP members have long had following the CFPB’s inception. 

Financial Times: Reverse Mortgages Can Be Lifesavers—The article portrays reverse mortgages in a very positive light as an essential retirement tool that should be considered by financial planners in working with retiring clients. 

Reverse Mortgage Lenders Shift Ranks as February Volume Rises—Who’s in the Top 10 now? A shift among lender ranks stemmed from a slight uptick in February volume, Reverse Market Insight reports. 

Written by Elizabeth Ecker

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