Many observers have complained that the servicers have taken too much advantage of being able to get some credit against the settlement funds for eliminating second mortgages which, in reality, had no value anyway, calling this the “second mortgage loophole.” But with the credit for eliminating or reducing second mortgages only 10% of the loan amount, is this something we really need to worry about?
Short sales completed as part of servicing settlement create market momentum
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Kristen Sieffert leads the reverse mortgage presence at The Gathering
FOA’s president spoke about bringing reverse mortgages into the mainstream at the event in Scottsdale, Arizona.