Category: Regulation

Regulation

For Reverse Mortgage Originators, Government Shutdown is Business as Usual

By Chris Clow |
The United States Capitol rotunda in Washington, D.C.

Although new endorsements of Home Equity Conversion Mortgages (HECMs) have been halted due to the partial government shutdown that began on December 22, reverse mortgage originators are largely conducting business as usual in spite of the gridlock plaguing Washington, D.C. Certain FHA services related to pre-existing HECM loans will still be available during the shutdown, […]

Regulation

Celink to Pay $4.25 Million to Settle Federal HECM Lawsuit

By Chris Clow |
The United States Capitol rotunda in Washington, D.C.

Compu-Link Corporation (Celink) has agreed to pay a $4.25 million civil settlement to the United States to resolve allegations made by the U.S. Justice Department relating to a False Claims Act violation related to its servicing of Home Equity Conversion Mortgage (HECM) products. This is according to a press release from the United States Attorney’s […]