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Is The ‘New’ Reverse Mortgage A Better Deal For Consumers? | AutoTraffic Jetpack

Is the ‘New’ Reverse Mortgage a Better Deal for Consumers?

Recent changes to the reverse mortgage program have many lamenting the ... assert that even though the adjustment will be tough, the new rules amount to a better deal for consumers in many cases. If ... read more

What the CFPB is doing for consumers

In fact, I’ve talked to top bank officials and many are planning to have their own consumer protection officers to help deal with the new rules and put a more ... put out information on everything ... read more

What you need to know about reverse mortgages ... and their new rules

The reflection of blue skies and palm trees are seen in the window of a Countrywide banking and home loans location offering reverse mortgages in Sun City, Arizona. - RICHARD A. BROOKS/AFP/Getty ... read more

The Green New Deal Is About Punishing Working-Class Americans

If you haven’t read the details of the Green New Deal, let me save you the trouble ... FAQ section on Congresswoman Cortez’s website specifically outlines the need to “Reverse climate change by fully ... read more

THE MORTGAGE PROFESSOR: A new tool for tracking a HECM reverse mortgage

Managing reverse mortgages a challenge For a consumer, getting a mortgage poses one set of ... or whether refinancing might offer better options. A new tool So my colleague Allan Redstone and I ... read more

Originators Point to Reverse Mortgage Safety vs. New Alternatives

In fact, while reverse mortgage ... is better suited for seniors who want to age in place without a time limit built into the product. “You get to stay in the house as long as you are able to and want ... read more

A Risky Lifeline for the Elderly Is Costing Some Their Homes

Reverse ... on new rules that could mean better disclosure for consumers and stricter supervision of lenders. More than 775,000 of such loans are outstanding, according to the federal government. ... read more

How New Privacy Regulations Can Be A Win-Win for Companies and Consumers

As I was setting up my new toy, an interesting ... clear offers with clear tradeoffs for better service, lower prices and more of the stuff consumers demand with less of the stuff they don’t want, ... read more

Widow's Reverse Mortgage 'Nightmare' Underscores Lifeline's Risks

home since her husband died three years ago.Jim Seida / NBC News At closing, however, the deal ... target consumers who would be better off exploring other options. “There’s a really small, defined ... read more

Here are the top 10 reverse mortgage lenders

Many will tell you they’ve weathered uncertain times before and they’ve come out the other side better for ... options.” Reverse Mortgage Funding: Reach out RMF might be the youngest lender on this ... read more

Should Retirees Buy a Home With a Reverse Mortgage?

But even if that's possible, who wants to take on a big monthly mortgage payment after quitting work? Many advisors discourage debt at that stage in life. But there's another opportunity, often ... read more

Reverse Mortgage Lenders May Be the Big Bad Wolf

Reverse Mortgage Solutions has been disciplined by state regulators as well. In 2016 the New York Department of Financial ... say whether all these lives were changed for the better. According to the ... read more
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