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Bank of America claims Ditech’s sale of RMS “threatens to abandon” elderly reverse mortgage borrowers
Jul 19, 2019Ditech Holdings announced last month that it had entered into an agreement to sell its reverse mortgage business, but now one of its big-named clients is formally objecting to the sale. Bank of America, which has a reverse mortgage servicing agreement with Ditech subsidiary Reverse Mortgage Solutions, filed a motion in court Thursday objecting to the deal as it currently stands, claiming that it “threatens to abandon the thousands of elderly borrowers” whose reverse mortgages are being serviced by RMS.
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Liberty Home Equity Solutions Launches EquityIQ Proprietary Reverse Mortgage
Jul 18, 2019 -
U.S. News: 6 Steps For Those Starting Retirement With No Savings
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Renovation spending will slow in 2020 after record-setting year, Harvard report says
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Here’s why a cut in FHA’s insurance premiums won’t boost its market share
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Fewer Millennials are seeking mortgage help from parents
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Foreign buyers flee the U.S. housing market, led by Chinese and British
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Fannie Mae, Freddie Mac still in conservatorship in 2024? Calabria says it’s possible
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State Farm, Quicken Loans announce massive mortgage partnership
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Mortgage Tech Rundown: Anow, LoanScorecard and FormFree
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SoFi appoints Aaron Webster as chief risk officer
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U.S. homeowners have never stayed put for this long
Jul 18, 2019
