MetLife Grant Fuels Help for Reverse Mortgage Disaster Recovery

Project Porchlight, an initiative of non-profit counseling organization Money Management International (MMI), has announced its public launch along with the disclosure of its primary financing partner: the MetLife Foundation. While previously available only through the Federal National Mortgage Association (FNMA, or “Fannie Mae”) Disaster Response Network, a grant from MetLife Foundation has enabled MMI to […]

CFPB Issues New Reverse Mortgage Natural Disaster Guidance

As parts of the Bahamas and Southeastern U.S. are bearing the brunt of Hurricane Dorian, the Consumer Financial Protection Bureau (CFPB) has released a new guide for borrowers of Home Equity Conversion Mortgages (HECMs) who have been affected by natural disasters. “Today we released a guide for older homeowners on how to meet their reverse […]