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Snapshot of reverse mortgage complaints December …

This Snapshot provides an overview of consumer complaints submitted to the CFPB involving reverse mortgages from December 2011 through December 2014. The most common reverse mortgage complaint is about difficulty with changing the loan terms, and problems communicating with loan servicers.
https://www.consumerfinance.gov/data-research/research-reports/...

Pitfalls of Reverse Mortgages May Pass to Borrower's …

Mar 26, 2014 · The complaints are echoed by borrowers across the country, according to a review of federal and state court lawsuits against reverse mortgage lenders. Others say that they don’t get that far. Soon after their parents die, the heirs say they are plunged into a bureaucratic maze as they try to get lenders to provide them with …
https://dealbook.nytimes.com/2014/03/26/pitfalls-of-reverse...

Reverse Mortgage Information: The 5 Biggest Reverse ...

Reverse mortgage grievances totaled just 1% of all mortgage complaints during that three-year time period. Most of the issues stemmed from borrowers’ frustrations with their loan terms, servicing procedures and issues related to foreclosure.
http://www.newretirement.com › … › Reverse Mortgages › Articles

Top 45 Reviews and Complaints about Champion Mortgage

Mortgage transfers: Many consumers find themselves faced with large bills when other banks, particularly Bank of America, transfer their reverse mortgages to Champion Mortgage.
http://www.consumeraffairs.com › Reverse Mortgages

CFPB Details Reverse Mortgage Complaints

Sep 10, 2018 · The Bureau's Office of Older Americans just published Snapshot of reverse mortgage complains December 2011 - December 2014 highlighting some of the problems they see seniors having with the ...
http://www.mortgagenewsdaily.com/02102015_cfpb_hecm_complaints.asp

Complaints & More - Reverse Mortgage Alert

All About AAG Reverse Mortgage. American Advisors Group, also known as AAG, is the leading reverse mortgage lender in the nation. Founded in 2004 and headquartered in Orange County, CA, AAG works with homeowners age 62 and older to convert a portion of their home equity into retirement income using a reverse mortgage.
https://reversemortgagealert.org/reverse-mortgage-lenders/american...

Reverse Mortgage Complaints Show Consumers Confused

Reverse Mortgage Complaints Show Consumers Confused By Loan Terms ... details the approximately 1,200 reverse mortgage complaints the CFPB received between December 2011 ... and foreclosure problems.
https://consumerist.com/2015/02/09/reverse-mortgage-complaints...

Wells Fargo Reverse Mortgage Complaints – RELS …

Wells Fargo News 06/16/2011: Wells Fargo Closes Reverse Mortgage Lending » Also See "Reverse Mortgage Problems" We have a problem. My wife and I started a reverse mortgage with Wells Fargo and after almost 65 days, we still didn't have approval. We called our agent and when he does take the call or calls us back -
https://reverse.mortgage/wells-fargo-complaints

Reverse Mortgage Lawsuit - Lawsuits, Legal News & …

A reverse mortgage allows senior homeowners (over the age of 62) to borrow a certain amount of money against the value of their home without having to make any interest or principal payments.
https://www.lawyersandsettlements.com/lawsuit/reverse-mortgage.html

So, What’s Your Problem with Reverse Mortgages?

Jun 10, 2016 · The real problem with the reverse mortgage concept is a constant misunderstanding of the program itself. Taking a mortgage is a personal decision and a sensitive one during anyone's retirement years. Read through these common misconceptions and decide whether a reverse mortgage can be problematic for you.
https://reverse.mortgage/problems