Company Coverage

Bank of America

Lenders

Back on Reverse Mortgage Landscape, Bank of America Objects to RMS Sale

By Chris Clow |
A gold and brown gavel against a black background.

Long after leaving the reverse mortgage business, Bank of America is back on the landscape — now with an objection to Reverse Mortgage Solutions’ sale proceedings. The company, which once originated as many as 9,000 reverse mortgage loans per year, has filed an official objection in the Bankruptcy Court for the Southern District of New […]

Lenders

What Reverse Mortgage Firms Can Learn from Florida Case Judgment

By Chris Clow |
A gavel sitting on top of a book.

A recent reverse mortgage court decision in Florida could have an impact on loans in other states. The court’s determination that a loan can be called due and payable at the maturity date rather than upon the death of the borrower has the potential to drive decisions in other states, an attorney tells RMD. It […]