Items Tagged with 'Social Security Administration'


  • CFPB warns about dangers of taking out a reverse mortgage to delay Social Security

    Says claiming Social Security benefits later may not be worth it
    The Consumer Financial Protection Bureau issued a warning to seniors this week, cautioning them that taking out a reverse mortgage in order to delay claiming Social Security benefits could be a financially harmful decision. In its report, the CFPB said it investigated this practice and found that the costs and risks of obtaining a reverse mortgage could exceed the increased amount of a senior’s lifetime Social Security benefits should the person wait to claim their benefits.
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  • MBA calls for government shutdown to end

    Lenders plug away as processing delays surface
    Lenders are easing into day four of the government shutdown, but how many more days can they withstand? Loan applications continue to be delayed with HUD, the IRS and the Social Security Administration unable to perform the same functions — or doing so at a slower pace.
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  • LPS Acquires Verification Bureau

    [Update 1: Adds comments from former Verification Bureau president] Jacksonville-Fla.-based Lender Processing Services [stock LPS][/stock] acquired Verification Bureau, a developer of fraud prevention and Web-based automated income, identity and employment verification systems. The Verification Bureau platform provides automated and paperless Internal Revenue Service (IRS) and Social Security Administration data verification.
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