Category: The Housing Market
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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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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