CFPB calls out reverse mortgage servicing problems

CFPB calls out reverse mortgage servicing problems
As part of its ongoing effort to keep tabs on loan servicers, the Consumer Financial Protection Bureau released a report this week that highlighted problems with the servicing of reverse mortgages. According to the bureau, a recent examination brought to light the fact that some reverse mortgage servicers have issued misleading statements to the heirs of deceased reverse mortgage borrowers.
Source: https://www.housingwire.com/rss

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