Wednesday, January 18, 2017

NY AG reportedly investigating Nationstar Mortgage, OneWest Bank reverse mortgage division

New york is ramping up it's focus on the practices of reverse mortgage lenders as of late. After introducing plans to increase the regulations surrounding reverse mortgages in the state earlier this month, New York is now reportedly also investigating practices related to the servicing of reverse-mortgages at Financial Freedom, a part of OneWest Bank, and at Champion Mortgage, a unit of Nationstar Mortgage.

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