Plaintiffs claim reverse mortgage companies added prohibited costs to HECM loans, violating federal rules and HUD fee limits.

Major servicers face class action claiming prohibited fees inflated HECM loan balances, risking older homeowners’ equity and ...

What is a reverse mortgage? A reverse mortgage is a home loan that allows people ages 62 and older to borrow against their ...

Private-label reverse mortgages grew to account for 45% of the market in December 2025, finishing the year with $2.5 billion in volume.

The reverse mortgage companies squeezed thousands of dollars out of aging homeowners through various illegal fees, according to a new class action suit.

(MENAFN- EIN Presswire) EINPresswire/ -- FHA-insured reverse mortgages, formally known as Home Equity Conversion Mortgages (HECMs), have undergone significant regulatory changes over the past two ...

Welcome to 2026! As we begin another year in the fast-evolving world of consumer financial services regulation, we're here ...

To keep you informed of recent activities, below are several of the most significant federal and state events that have influenced the ...

Retirees often find themselves looking for more money to help them through the many expenses of their golden years. A number of these costs turn out to be unplanned due to unforeseen expenses ...

Thanks to rising home prices and a stagnant real estate market, U.S. homeowners were sitting on a record $11.6 trillion in tappable home equity in 2025. A home equity line of credit (HELOC) lets you ...