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CFPB Reverse Mortgage Complaints: Not So Bad for Lenders …YetChristopher J. Willis
Beware of reverse mortgage dangers, says CFPB In February, the US Consumer Financial Protection Bureau (CFPB) published a report highlighting the many complaints about reverse mortgages. American consumers reported frustration with their loan terms, servicer runarounds, and problems with foreclosures. Ri...
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Seek out a lender that is a member of theNational Reverse Mortgage Lenders Association(NRMLA). Members of the NRMLA must conform to a strict code of lending ethic. Look for a lender that is affiliated with theBetter Business Bureau(BBB), where you can also learn of any complaints against ...
"It's truly one of the thorniest issues I hear about from a growing number of attorneys," said Diane E. Thompson, a lawyer at the National Consumer Law Center. Reverse mortgage lenders say that they abide by federal rules, noting that their goal is to avert foreclosures, which can be co...
ING Bank wanted to raise awareness of their mortgage products within Belgium. They were looking for a creative PR Idea to attract both consumer and traditional media attention. Execution Street Advertising Services were asked to place a dozen Clean Adverts outside the ING branch in every town an...