Reverse mortgages

CIT agrees to sell $900 million reverse-mortgage portfolio

10/06/17

The sale of the struggling Financial Freedom unit to an undisclosed buyer would continue CIT's strategy of shedding noncore business lines.

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The boom after the storm; Berkshire exercises B of A warrants

08/30/17

Following short-term disruptions from Harvey, Texas bankers expect a long-term lift to the local economy; Buffett’s company officially becomes the bank’s largest shareholder.

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HUD revamps reverse mortgage program fees to stem losses

08/29/17

The agency will charge higher upfront premiums for most Home Equity Conversion Mortgage borrowers while lowering the annual premium.

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HUD secretary promotes reverse mortgage reforms

07/17/17

The Department of Housing and Urban Development is implementing reforms to its reverse mortgage program and providing more counseling resources for seniors who are considering the product, Secretary Ben Carson said Monday.

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DOJ's False Claims Act focus shifts to reverse mortgage servicers

07/03/17

The Trump administration's Justice Department was expected to be less aggressive in its pursuit of False Claims Act cases against the mortgage industry. Instead, its focus has shifted to Federal Housing Administration-insured reverse mortgages.

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