A reverse mortgage can be a powerful way to supplement Social Security income and give your retirement budget a little more ...

The “Cephas bill” aims to protect seniors from predatory lending and preserve generational wealth through required in-person ...

Once a powerful watchdog for financial wrongdoing, the Consumer Financial Protection Bureau has seen its enforcement efforts ...

Reverse mortgage borrowers can receive funds in one of three ways — a lump sum, monthly payments or a line of credit — or a combination thereof. The amount a homeowner can borrow depends on their home ...

When a reverse mortgage is better for seniors Reverse mortgages use your home as collateral, just as traditional mortgage loans do — but they work very differently.

A reverse mortgage can significantly complicate your estate planning. If neither your estate nor your heirs repay the loan ...

The high mortgage rates that have stymied the broader housing market continue to put a lid on reverse mortgage activity too.

Complaints about compliance with the state’s post-fire mortgage relief program can be filed through the California Department of Financial Protection and Innovation at this link.

In 2023, Bank of America also was ordered by the CFPB to pay a $12 million penalty after hundreds of bankers filed false mortgage reports.