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Hometap continues to fight ‘illegal reverse mortgage’ lawsuit in Massachusetts

November 11, 2025 by bp56691
State Attorney General Andrea Joy Campbell sued Hometap in February 2025, labeling the company’s primary product offerings as “illegal reverse mortgages that fail to comply with state consumer protection laws.”
Categories Home Equity, Hometap, HWmember, Lawsuit, Legal, Massachusetts, Massachusetts Division of Banks, Reverse, Reverse Mortgage Daily

Massachusetts AG sues Hometap over ‘illegal reverse mortgage’

February 20, 2025 by bp56691
Massachusetts’ attorney general alleges that Hometap’s equity investment product is deceptive and constitutes an “illegal” reverse mortgage. Hometap calls the suit “meritless.”
Categories CFPB, HECM, Hometap, HWmember, Lawsuit, Legal, Massachusetts, Reverse

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