Older Residents in These States Complained the Most to the CFPB

Mortgage-related concerns continue to account for the largest slice of Consumer Financial Protection Bureau complaints filed by older Americans according to a new report — and a few expected states represented the lion’s share of the total. Since the CFPB began collecting complaints in 2011, California leads the nation with 14,933 submissions about financial products from […]

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Total Reverse Mortgage Endorsements Fall in April

In a somewhat expected fall back to Earth, reverse mortgage endorsements dropped between April and May, but as in previous months there are still some signs of overall volume growth. Home Equity Conversion Mortgage originators — including both Federal Housing Administration-approved firms and their non-FHA counterparts — logged a total of 5,034 endorsements in April, […]

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Reverse Mortgage Endorsements Hit Highest Levels Since August ’13, But…

The good news about reverse mortgage endorsement volume keeps coming, but as always, there’s a slight hitch to consider before declaring that the industry has awakened from a prolonged numbers slumber. According to the latest data from Reverse Market Insight, Home Equity Conversion Mortgage originators generated 5,355 endorsements — including both Federal Housing Administration-approved lenders […]

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Reverse Mortgage Endorsements Drop in April, Still Riding Higher Than ’16

Reverse mortgage endorsements fell 6.1% between March and April, according to the latest data from Reverse Market Insight, but the research firm still sees signs of optimism amid the downward-pointing red arrows. FHA-approved Home Equity Conversion Mortgage lenders endorsed 5,036 loans last month, down from 5,364 in March — but still good enough for the […]

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Reverse Mortgage Endorsements Fall in February, Rise YTD

Reverse mortgage endorsements declined between January and February 2017, but the overall total remains up from the same span last year, according to new data from Reverse Market Insight, Inc. Through the first two months of 2017, Home Equity Conversion Mortgage originators endorsed 8,997 loans, a gain of 6.3% from the same period in 2016 […]

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