Reverse Mortgage Industry Asks CFPB for Dollar-Based Loan Disclosures
Real Estate

Reverse Mortgage Industry Asks CFPB for Dollar-Based Loan Disclosures

NRMLA wants the CFPB to replace percentage-based TALC tables with dollar illustrations and merge TILA and HECM disclosur...

Cormac Doyle 👁 40 💬 0
Consumer Groups Warn CFPB Mortgage Rule Rollback Could Strip Borrower Protections
Personal Finance

Consumer Groups Warn CFPB Mortgage Rule Rollback Could Strip Borrower Protections

Advocacy organizations are pushing back on proposed changes to federal lending rules, arguing that weakening the TRID di...

Shira Katz 👁 39 💬 0
Ellington Financial Posts $54.4M Profit as Reverse Mortgage Originations Surge 38%
Companies

Ellington Financial Posts $54.4M Profit as Reverse Mortgage Originations Surge 38%

Ellington Financial's Q2 net income hit $54.4M, driven by strong loan credit and a 38% rise in Longbridge reverse mortga...

Declan Byrne 👁 30 💬 0
Finance of America Pitches Reverse Mortgages as the Industry's 'Second Half' Opportunity
Companies

Finance of America Pitches Reverse Mortgages as the Industry's 'Second Half' Opportunity

Finance of America urges lenders to turn aging borrowers into a new revenue line, arguing reverse home equity products c...

Declan Byrne 👁 30 💬 0