FinCEN Adds Reverse Mortgage Category to Universal Suspicious Activity Reports – Reverse Mortgage Daily


FinCEN Adds Reverse Mortgage Category to Universal Suspicious Activity Reports
Reverse Mortgage Daily
“Instead of simply checking “mortgage fraud,” financial institutions can now be more specific in terms of the type of fraud they suspect.” Those types include reverse mortgage fraud; loan modification fraud; appraisal fraud; and foreclosure rescue

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Business Insider
CNBC: Reverse Mortgages Are Getting a Whole Lot Tougher
Reverse Mortgage Daily
The article points to high fees among reverse mortgage downsides, as well as the “last resort” mentality associated with the loans, even despite the product offerings changing to address some of the shortfalls of reverse mortgages for cash-strapped
Landing A Reverse Mortgage Just Got TougherBusiness Insider
LAWSUITS FILEDSarasota Herald-Tribune

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Reverse Lenders Brace for Impact of Product Change, Train Accordingly
Reverse Mortgage Daily
With the suspension of the Federal Housing Administration's (FHA) most popular reverse mortgage product now two weeks in the past, many are confident their marketing efforts will not be dramatically impacted. But training will be essential, they say.

reverse mortgage loans – Google News

Nationwide Equities Partners with Reverse Mortgage Broker Roll-Up
Reverse Mortgage Daily
New Jersey-based reverse mortgage lender Nationwide Equities today announced it has partnered with Premier Home Equity to further develop its retail branch channel. Premier Home Equity, led by former Financial Freedom exec Bart Johnson, will work to
Can you turn home equity into retirement income?EllwoodCity.org

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reverse mortgage loans – Google News

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