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Reverse mortgage firms accused of charging ‘illegal’ borrower fees

A group of consumer and legal advocates is accusing major reverse mortgage companies of illegally overcharging senior homeowners. Attorneys for the AARP Foundation, Tusa P.C., and Giskan, Solotaroff & Anderson LLP filed a class-action lawsuit on Jan. 16 and publicly announced it Thursday. They allege that several major reverse mortgage servicers unlawfully charged prohibited fees…

Victoria DeLuce on capital markets and the path to affordable housing

All eyes are finally on housing affordability. As Victoria DeLuce, senior vice president of home equity lending at Rate and a speaker at HousingWire’s Housing Economic Summit, states in a recent interview, the Trump administration is paying attention to the affordability crisis and the industry is also ready to step in to address it. DeLuce…