Categories
Reverse Mortgage

Can a HECM Originator Choose Your Counseling Agency?

A HECM originator may not steer a borrower to a specific counseling agency. Learn how Riverside homeowners can recognize the boundary and ask useful questions.

Categories
Reverse Mortgage

When Can a HECM Lender Charge for a Credit Report?

HUD permits a HECM lender to order a credit report before counseling, but the borrower cannot be charged for it unless the transaction reaches closing.