25 Canadians charged in ‘grandparent scam’ targeting U.S. seniors
25 Canadians have been charged by U.S. authorities with bilking older Americans out of an estimated $21 million.
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Report suggests key HECM field office at HUD could be shut down
Among dozens of reported potential field office closures, one in Oklahoma has the potential to significantly impact the FHA-insured HECM program.
This aging-in-place program flies under the radar, but it could lower senior care costs
There’s a national aging-in-place program to help people remain in their homes, but broadening access means navigating federal reimbursements.
New executive leaders at FOA to focus on ‘modernizing’ tech, customer experience
FOA has added new chief customer and technology officer roles to its rankings as it seeks to modernize its technology.
Longbridge parent again touts reverse mortgage performance in Q4 earnings
Ellington Financial continued to tout the performance of Longbridge and teased a potential new product in development.
NRMLA announces first event of 2025
The reverse mortgage trade association announced that its Western Regional Meeting will be held April 29 in Irvine, California.
Texas Capital Bank enlists reverse mortgage expert’s opinion in Ginnie Mae lawsuit
The bank enlisted a former FOA executive to offer an expert report, but the judge says he needs to know the government’s perspective on it before moving ahead.
CFPB nominee McKernan commits to protecting older Americans from financial abuse
Jonathan McKernan, the CFPB director-designate, said in his confirmation hearing that he will ensure older Americans are protected from financial exploitation.
FOA’s James Mittleman on reverse industry’s forward partnerships, proprietary as ‘the future’
Forward partnerships and proprietary products could have a big impact on the future of the reverse mortgage industry, James Mittleman explains.
Texas Capital Bank opposes summary judgment motion in Ginnie Mae suit
TCB says that granting the government a summary judgment in its lawsuit against Ginnie Mae would be based on on an “incorrect” idea.