Proprietary reverse mortgage business in Oregon could be in danger
A bill introduced in Oregon could halt proprietary reverse mortgage business if enacted, according to NRMLA.
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Tennessee official, citing property tax relief, notes more interest in reverse mortgages
A Tennessee official noted rising interest in reverse mortgages from area seniors when discussing property taxes on a local radio station.
HECM endorsements, HMBS issuance see relatively little movement to start 2025
HECM endorsements increased by less than 1% from December to January, while HMBS issuance is historically low but still healthy.
New York bill would require reverse mortgage lenders to strengthen consumer disclosures
A New York state senator’s bill seeks to require lenders to offer more comprehensive reverse mortgage information to borrowers at least five days before closing.
Hawaii bill would establish state-run reverse mortgage program
The bill aims to address the rising cost of homeownership for older Hawaiians, or “kupuna,” and features nine sponsors in the legislature.
Home inspector sees interaction from baby boomers, aging in place and reverse mortgages
A director of business development at a home inspection company explains how and why reverse mortgage companies can interact with his business.
Famed encyclopedia highlights ‘sandwich generation,’ recognizing importance of senior caregiving
Britannica, the English-language encyclopedia that has roots as far back as the 1760s, recently highlighted a phrase familiar to the reverse mortgage industry — the “sandwich generation” — in recognition of the growing importance that caregiving for older relatives will have as the global population grows older.
Judge grants delay in TCB suit against Ginnie Mae as government seeks summary judgment
The government seeks summary judgment, saying that a prior ruling from the presiding judge is ‘fatal’ to TCB’s remaining claims.
CFPB warns consumers about home equity contracts, comparing their features to reverse mortgages
The CFPB compared elements of home equity contract products to reverse mortgages, and said they are residential mortgage loans in an amicus brief.
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.