In case you missed it… here’s what happened in reverse mortgage news this week.
AAG looks for growth opportunities in reverse industry consolidation. The California lender says all systems are go as it looks to keep notching retail volume records and grow its field retail platform.
Motley Fool column debunks reverse mortgage myths. The financial services company’s director of investment planning addressed two reverse mortgage issues often shrouded in consumer confusion and misinformation.
CFPB plans on leveling the bank vs. non-bank playing field via regulations. The bureau is eyeing several areas where it can use regulations to put bank and non-bank institutions on more equal footing, including student loan servicing, auto lending, and debt collection.
360 Mortgage Group launches complete service platform for reverse mortgages. Shortly after announcing plans to expand in the space, the Texas-based company introduced its reverse mortgage division along with a full-service processing platform.
Bankers believe the CFPB’s lending rules will restrict the mortgage market. A majority of respondents for a recent American Bankers Association survey say new mortgage regulations will reduce credit availability and restrict lending.
Written by Alyssa Gerace