All about the scope of RESPA

What kinds of transactions are covered under RESPA?
Transactions involving a federally related mortgage loan, which includes most loans secured by a lien (first or subordinate position) on residential property. This includes: home purchase loans, refinances, lender approved assumptions, property improvement loans, equity lines of credit, and reverse mortgages.What types of […]

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Matt Ellis of Wells Fargo specializes in Reverse mortgages for brokers. He wrote this for my blog a while back
Here’s a rundown from him on the most frequently asked questions about their program.
Topics covered:
1. What is a reverse mortgage?
2. Are there different kinds?
3. What are the requirements for a reverse mortgage?
4. What is the […]

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