Month: September 2012
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Reverse Mortgage Lenders Group Pushes for Changes in Exam Guidelines
0 Likes Thank You! The National Reverse Mortgage Lenders Association (NRMLA) requested for amendments in the Reverse Mortgage Examination Guidelines (RMEGs) to reflect regulatory changes since its last update three years ago. In a letter dated
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New Lenders Enter Reverse Mortgage, Optimistic About Growth Prospects
0 Likes Thank You! Walter Investment Management Corp. is the latest addition to the growing number of lenders entering the reverse mortgage industry as it acquires Reverse Mortgage Solutions (RMS) Inc. A Reuters report on September
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Financial Planners Fence Reverse Mortgage Over CFPB Report-induced Criticisms
0 Likes Thank You! Criticisms over reverse mortgage products prompted by the release of Consumer Financial Protection Bureau’s (CFPB) report in June failed to prevent the wave of published research upholding the value of reverse mortgage in retirement