HousingWire Daily Chris Clow on the CFPB’s focus on reverse lending and servicing
Jun 21, 2024
Editor Chris Clow discusses the CFPB's focus on reverse lending and servicing, including recent actions against a reverse servicer. Topics include AI's impact on mortgage jobs, communication challenges in servicing reverse mortgages for older borrowers, and the rise of reverse mortgages in New Zealand as a solution to escalating living expenses for retirees.
Chapters
Transcript
Episode notes
1 2 3 4 5 6
Intro
00:00 • 6min
Analysis of CFPB's focus on reverse lending and servicing in the mortgage industry
05:59 • 4min
AI's Impact on Mortgage Jobs and Challenges in Reverse Mortgage Servicing
09:33 • 4min
Challenges Faced by Older Borrowers and CFPB's Consumer Complaint Database on Reverse Mortgages
13:20 • 7min
Discussion on Reverse Lending Sensitivity and Mayor's Backlash on Reverse Mortgages
20:32 • 5min
Discussion on the rise of reverse mortgages and their impact on seniors in New Zealand
25:36 • 3min