New California wildfire homeowner assistance program includes reverse mortgages
A disaster recovery program in California includes help for forward and reverse mortgage borrowers, drawing praise from reverse professionals.
Celink
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RMF-backed proprietary securitization undergoing further review
A securitization of private reverse mortgages originated by RMF needs further review stemming from the lender’s 2022 bankruptcy.
CFPB received fewer reverse mortgage complaints in 2024
The share of reverse mortgage complaints to the CFPB last year accounted for roughly 1.4% of the total number of mortgage complaints submitted to the bureau.
Wildfire damage with a reverse mortgage? Here’s what to do
First and foremost, borrowers need to contact their servicer immediately if their home is damaged by wildfire, experts said.
As LA fires burn, reverse mortgage industry emphasizes need for servicer, insurer contacts
Los Angeles County has the highest concentration of HECM borrowers in the country, and the industry is moving to respond.
Celink awarded high net promoter score in recent customer survey
The leading reverse mortgage servicer said its net promoter score of 74 indicates a high level of satisfaction among its clients.