Reverse Quote is connected with approved lenders that are a part of Department of Housing and Urban Development (HUD) to originate, underwrite and close the HUD Home Equity Conversion Mortgage (HECM, or “Heck-um”).
News that the two biggest players have turned their backs has left some elderly borrowers, who depend on reverse mortgages to fund retirements costs and pay medical bills, surprised and concerned..
The Consumer Financial Protection Bureau has ordered a California mortgage lender to pay $730,000 for violating the Federal Reserve Board’s Loan Originator Compensation Rule. The money will go to.
Cash recieved from the reverse mortgage is TAX FREE! Numerous Payment Options: – Lump Sum – Line of Credit – Monthly Payments OR – All Three Learn More. short online application for a free formal quote and request for further information about reverse mortgage. Get Started