Reverse Mortgages

Reverse Mortgages: What You Don’t Know Could Cost You

Reverse Mortgages: What You Need to Know I have been inundated with calls about Reverse Mortgages lately. So I have decided to write this article explaining how Reverse Mortgages work and if they are right for you. If you have any further questions, I can refer you to a qualified FHA broker or originator.  What […]

Wells Fargo

Walter Investment Management Settles HUD Reverse Mortgage False Claims Suit

Walter Investment Management Pays More than $29 Million for the Alleged Submission of False Claims Related to Servicing Reverse Mortgage Loans Walter Investment Management Corp. (WIMC) has agreed to pay $29.63 million to resolve allegations that Walter Investment Management, through its subsidiaries, Reverse Mortgage Solution Inc. (RMS), REO Management Solutions LLC and RMS Asset Management […]

drowning ocwen

FHA Finally Deals With Spousal Issues In Reverse Mortgages

New Rules For Reverse Mortgages Would Allow Non-Borrowing Partners To Remain In The Home FHA announced changes to its reverse mortgage program that would allow non-borrowing spouses to stay in their homes after the last surviving borrower dies. FHA released new guidance earlier this year allowing FHA-approved lenders to delay foreclosure proceedings against non-borrowing spouses. Non-borrower […]

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