Similar Stories to Cfpb: Reverse Mortgages Still A Risky Financial Decision Despite Some Added Protections on Bing News

(БРАТСТВО) The decision to take out a reverse mortgage should never be taken lightly, and the Consumer Financial Protection Bureau wants to make sure consumers are considering all of the perks and numerous pitfalls. The CFPB updated its reverse mortgage guide [PDF] to reflect recent changes that may make the often risky process of taking out a reverse mortgage a fraction less burdensome for borrowers and their families. Reverse mortgages allow a borrower, 62 years or older, to convert the equity on their home into a lump sum or monthly payments.

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BING NEWS:
  • Is a Reverse Mortgage a Good Idea?
    Become a Real Estate Investor for Just $1K Using This Bezos-Backed Startup Types of Reverse Mortgages There are the different types of reverse mortgages: Home equity conversion mortgages, or HECM.
    06/16/2024 - 8:00 am | View Link
  • Two major reverse mortgage lenders to sponsor financial planner conference
    FOA and Longbridge continue to pursue firmer bonds with financial planners, as evidenced by their sponsorship of the ACP Annual Conference.
    06/13/2024 - 10:16 am | View Link
  • Reverse mortgage consumer complaints decline on a yearly basis: CFPB
    Reverse mortgage consumer complaints to the CFPB between January and June 2024 were down compared with the same period one year earlier.
    06/11/2024 - 7:09 am | View Link
  • Supreme Court rejects broad challenge to consumer watchdog CFPB
    The Supreme Court on Thursday rejected a broad challenge to the Consumer Financial Protection Bureau ... junk fees and other abuses. In a 7-2 decision written by Justice Clarence Thomas, the ...
    05/16/2024 - 8:34 am | View Link
  • Supreme Court rejects CFPB funding challenge that was too extreme for even Clarence Thomas
    which the Thomas-led court had to reverse. The appeal involved a payday lender-backed challenge to the Consumer Financial Protection Bureau. Breaking new ground, a Donald Trump-appointed 5th ...
    05/16/2024 - 6:07 am | View Link
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