New Reverse Mortgage Counseling Agency Receives HUD Approval Housing counseling agency Debt Management Credit Counseling Corp. (DMCCC) announced today it has been approved by the Department of Housing and Urban Development to provide reverse mortgage counseling for its clients. The…
CFPB Meets with Fed, Industry On Loan Officer Compensation and Audit Plans Consumer Financial Protection Bureau officials met last week with Treasury Department representatives on the topic of loan originator compensation. Those in attendance reported that the CFPB’s flat-fee compensation…
Training Reminder: Which Product is Right for the Reverse Mortgage Consumer? Just a quick reminder: Reverse Fortunes is providing RMD readers with a FREE training session coming up on Thursday, May 31, noon to 1:00 PM EST (9:00 AM PST). Mark…
Memorial Day Round-Up: Reverse Mortgage Online Leads to Trump TV? In case you missed it… here’s what’s happened in reverse mortgage news this week. An NPR segment talked home equity and reverse mortgages as an option for home owners. The…
S&P Affirms, Raises Celink Rankings As Reverse Mortgage Servicer Reverse mortgage servicer Celink received improved marks from Standard & Poors this week, with an affirmed “above average” ranking as a servicer and raised sub-ranking from “above average” to “strong” for…
Training Reminder: Which Product is Right for the Reverse Mortgage Consumer? Just a quick reminder: Reverse Fortunes is providing RMD readers with a FREE training session coming up on Thursday, May 31, noon to 1:00 PM EST (9:00 AM PST). Mark…
“Buying” an Annuity from Social Security: The Best Deal In Town? For retired people who are eligible to receive Social Security benefits, some are opting to delay Social Security as they instead look to savings or other means as a…
EBRI: Poverty Rising Among Retirees As Bad Economy Depletes Assets The percentage of older Americans living below the poverty line has been growing steadily since 2005, and many are falling into poverty as they age and spend down their savings,…