Category: Retirement
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Comparing HECM and HELOC: Why One is Preferred Over the Other
0 Likes Thank You! Following the release of Consumer Financial Protection Bureau’s (CFPB) report focusing on reverse mortgage disadvantages and a consumer guide encouraging seniors to try other home equity loan like Home Equity Line of Credit (HELOC), it is
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Reverse Mortgage Lenders Group Fills in the Missing First-hand Info in CFPB Report
0 Likes Thank You! With the goal to cover for the lack of information from actual reverse mortgage clients, the National Reverse Mortgage Lenders Association (NRMLA) contracted ORC International to conduct a research and collect information
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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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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
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Journal of Accountancy Assesses Reverse Mortgage, Finds Potentials
0 Likes Thank You! The July issue of the flagship publication of the national association of certified public accountants featured reverse mortgage and its potentials to secure seniors the income they need in retirement. The Journal of