Reverse Mortgages Need Self Policing? NCOA Lists Product Myths

NewImage.jpgReverse Fortunes Weekly Podcast Episode #217

On the heels of a reverse mortgage report released by the Consumer Financial Protection Bureau, recent comments from Consumers Union have resurfaced regarding regulation and oversight of the products and market. While recent changes within the industry are encouraging, Consumers’ Union’s Norma Garcia says there is still some work to be done. 

The latest Reverse Fortunes’ podcast takes a look into those comments in addition to recent scrutiny over the fixed rate versus adjustable rate reverse mortgage options.

Reverse Fortunes’ Shannon Hicks also talks about the recent CFPB report, its methodology and in contrast, a 2010 study that polled borrowers finding an overwhelmingly favorable response to the loans.

To listen login or become a free member to access past & current episodes.

Talking Points:

  • Self-Police Yourself
  • What they really would have said…
  • A known variable. The FRM.
  • NCOA debunks reverse mortgage myths.

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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