• Sign In
  • Create Account
  • Sign Out
  • My Account
Cart
  • Inside Mortgage Finance
  • MBS & ABS
  • The GSEs
  • The CFPB
  • Mortgage Trends
  • FHA/VA Lending
  • Nonconforming Markets
  • Data
    • Subscribe to Data
Home » 19% of Seniors’ Mortgage-Related Gripes Were About FHA, VA, HECMs
Looking to read the full article? Subscribe today!

19% of Seniors’ Mortgage-Related Gripes Were About FHA, VA, HECMs

February 26, 2018
Approximately 19 percent of mortgage-related complaints filed by senior citizens with the Consumer Financial Protection Bureau over the last two years involved FHA forward and reverse mortgages and VA loans, according to the CFPB complaints database. The bureau received 8,323 complaints from the elderly between 2016 and 2017 regarding their experiences with FHA, VA, and Home Equity Conversion Mortgages, home-equity loans or lines of credit, conventional mortgages and other home-loan products. Over the two-year period, seniors reported 1,562 problems with their FHA mortgages (702 complaints), reverse mortgages/HECMs (488) and VA-guaranteed loans (372). Conventional mortgages received the highest number of senior citizen complaints (4,240) during the period, while home-equity loan products and other mortgages garnered 780 and 1,741 complaints, respectively. Total complaints overall began trending downward in the first quarter of 2017, from 1,241 to 508 in the ... [Chart]
News Inside Mortgage Finance Inside Nonconforming Markets Inside Mortgage Trends Inside FHA/VA Lending Inside the CFPB Government-Insured Lending Originations Profitability Programs & Policies Government-Insured Originations FHA Complaints Enforcement
Purchase this article for $230.00
Subscribe To The Newsletter

Latest Imf News

  • FHFA and Treasury Eliminate Cap on GSE Retained Earnings. Now What?

  • Is Wall Street Running Out of (Nonbank) Mortgage IPO Candidates?

  • 4Q Results Begin: Wells Slides in Mortgages, JPM Gains…

  • Non-Agency Securitizations Still a Work in Progress. Re: COVID

More Imf News

Featured Data

  • TPO Channels Claw Back Market Share in 3Q20

  • Agencies Push MBS/ABS Issuance to $3.64 Trillion in 2020

  • Agency Single-Family Market Tops $1 Trillion in 4Q20

  • Nonbanks Expand Footprint in GSE Sales and Servicing

More Featured Data

Featured Reports

  • Agency Channel Analysis: 3Q20 (PDF)

  • Top Mortgage Players 3Q20 (PDF Format)

  • Mortgage Profitability Report 3Q20 (PDF)

  • Lender Profiles 3Q20: Top 25 (PDF)

More Latest Reports

Featured Poll

Refinances were the hot story of 2020, but plenty of purchase lending still got done as well. What did your shop’s loan breakdown look like?

View Results
  • About
    • About Inside Mortgage Finance
    • Contact Us
    • Advertising
    • Privacy Policy
    • Article Reprints/Web Postings
    • Copyright FAQ
  • Customer Center
    • Subscribe
    • Request a Sample
    • Account Inquiries
    • Change of Address
    • Change of Delivery Method
    • Data Licensing
    • Password Reminder
    • Group Subscriptions
    • Refunds
    • Renew Your Subscription
  • Mortgage Data
    • Origination
    • Servicing and Portfolios
    • Mortgage Insurance
    • Securitization
    • Agency MBS Activity
    • Non-Agency MBS Activity
    • MBS Investor Activity
    • ABS Activity
    • Commercial MBS Activity
    • Funding Activity
    • Earnings and Financials
    • Regulatory Data
    • Mortgage Rates and Terms
    • Subscribe to Data
    • Lender Profiles
    • HMDA Dashboard
    • Contacts Directory
    • Custom Data
    • Data Licensing
  • Reports
    • Data Reports
    • Industry Studies
    • Regulatory Reports
    • Statistical Annual
    • Free Reports

© Copyright 2021 Inside Mortgage Finance Publications
Design, CMS, Hosting & Web Development :: ePublishing