To date, the Consumer Financial Protection Bureau has not taken any public reverse mortgage-specific enforcement actions. However, with a general consumer complaint database now 300,000 complaints strong and at least 35 cases brought so far—about half of which involved mortgage lenders—those operating in the reverse mortgage business can take some cues from the CFPB as to where it’s going next.
via The CFPB. What Have We Learned? | Reverse Mortgage Daily.
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