CFPB Approach to Reverse Mortgages, Texas to Get New Product?

NewImage.jpgReverse Fortunes Weekly Podcast Episode #209

The Consumer Financial Protection Bureau is beginning to make waves for mortgage lenders and Reverse Fortunes’ latest podcast looks into the ways the agency’s rule making is likely to impact reverse mortgage companies. Additionally, Reverse Fortunes’ Shannon Hicks discusses the status of the reverse mortgage for Purchase product in Texas, and new efforts toward making the product available there.

Hicks also talks about recent comments from Department of Housing and Urban Development representatives on the Home Equity Conversion Mortgage program, a statement from AARP in support of a financial assessment for reverse mortgages and recent changes to Bay Docs’ reverse mortgage programs.

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Talking Points:

  • A different approach for reverse mortgages says CFPB
  • Texas may be HECM Purchase ready with effort
  • Bay Docs adds tools to LOS system
  • AARP: We support financial assessment

Listen now“Reverse Fortunes is the ultimate resource for reverse mortgage professionals providing the technology, training and marketing to grow your business. We are your one-stop resource for those committed to taking their business to the next level.” Editors Note: These posts are sponsored by Reverse Fortunes.

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