In case you missed it, here’s what happened in reverse mortgage news this week:
NBC News Breaks Down Reverse Mortgages—NBC became one of the latest mainstream media outlets to join the reverse mortgage discussion, outlining how the loans work and the costs tied to them, among other details.
WSJ: Reverse Mortgages Made Safer—The Wall Street Journal also weighed in on reverse mortgages this week in an article, focusing on recent safeguards and borrow protections.
National Law Review: Reverse Mortgages, Beyond the Commercials—An article published on National Law Review delved into reverse mortgages basics—beyond what may be said in a brief TV advertisement.
360 Mortgage Group Aims to be Top 3 Reverse Lender—On the heels of an announcement that 360 Mortgage Group will begin originating Home Equity Conversion Mortgages, the reverse mortgage newcomer anticipates it will become an industry contender in a few year’s time.
CFPB Proposes New State Rules for Appraisal Management Companies—A proposed rule from the Consumer Financial Protection Bureau and five other agencies may soon subject appraisal management companies to new state registration and supervision requirements.
Written by Jason Oliva