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Reverse Mortgage Industry News

• Trial Date Set for Reverse Mortgage Lender as Dismissal Motion is Pending
  A DOJ complaint against a reverse mortgage lender for allegedly forging certifications and using unqualified underwriters to approve Home Equity Conversion Mortgage (HECM) loans between 2008 and 2010 has a trial date scheduled, though a motion to dismiss has not yet been ruled out. The post Trial Date Set for Reverse Mortgage Lender as Dismissal […]
• Cash-strapped Retirees Can Use Home Equity to Pay for Medications
  According to 2020 research by Ohio State University professors, older Americans who tap home equity increase their adherence to their medications, which can have broader significance for improving their retirement security. The post Cash-strapped Retirees Can Use Home Equity to Pay for Medications appeared first on Reverse Mortgage Daily.
• Reverse Mortgage Brokerage Marks Customer Savings Milestone With Community Donation
  A pacific northwest reverse mortgage broker marks a milestone of saving its clients $1 million in forward mortgage payments by making a donation to a local senior center, so RMD sat down with its owner to learn what went into and motivated the decision to mark the milestone in that way. The post Reverse Mortgage […]