CFPB Has Banned Novad Consulting From Servicing Reverse Mortgages For Failing To Properly Communicate With Mortgage Borrowers The CFPB has banned Novad Consulting from servicing reverse mortgages. HUD and CFPB had first ordered the company to stop illegal activities that harmed older homeowners. The CFPB found that NOVAD Management Consulting had inadequate resources and staffing
CFPB Bans Novad Consulting From Mortgage Servicing Read Post »
American Homeowners Grapple with Rising Financial Anxiety. Yet, Many Overlook Vast Home Equity Potential As A Financial Cushion Finance of America Reverse LLC (FAR) has issued a new survey and it says American homeowners are freaking out. The survey shows that nearly 80% of American homeowners grapple emotionally about the state of the U.S. economy.
American Homeowners Grapple with Rising Financial Anxiety Read Post »
CFPB Fines American Advisors Group $1.3 Million For Reverse Mortgage Scam Involving Seniors! The CFPB has settled a lawsuit against reverse mortgage lender American Advisors Group (AAG) for $1.3 million. The agency accused AAG of sending consumers inflated home valuations. The federal lawsuit claims AAG sent borrowers deceptive and inflated home estimates in direct mailers.
American Advisors Group Reverse Mortgage Scam Alert! Read Post »
Don’t Listen To Your Lender. You Can Fight Reverse Mortgage Foreclosures And Win! Like the conventional mortgage lenders before them, reverse mortgage lenders have people convinced they can’t fight reverse mortgage foreclosures. Yet, MFI-Miami has again debunked the propaganda of sleaze from the Wall Street oligarchs. Just like we did with foreclosures on conventional mortgages.
Fight Reverse Mortgage Foreclosures! Yes, You Can! Read Post »
FLORIDA REVERSE MORTGAGE SCAM ALERT! Servicers Are Targeting Seniors For Foreclosure! Don’t Be A Victim! MFI-Miami has issued a Florida Reverse Mortgage Scam Alert! It seems like Reverse Mortgage servicing companies are pulling a reverse mortgage scam on unsuspecting seniors with a Florida Reverse Mortgage. They are showing no shame in doing it either. Reverse
