by Sammy Averbuch
This blog is my perspective of what is interesting to me, sharing articles from others and commentary regarding the US economy, turmoil in the credit markets, outsourcing, Public and
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- Created on 2007-02-15 09:27:07.0
- 24 installs
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- legislative concerns, quality control, legal compliance, outsourcing to providential bancorp, sammy averbuch, providential, mortgage, default, loan, home, house, bank, wholesale lender, residential wholesale lenders, bankers bank, advertising, branding
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Comments (2)
Recard on 2013-05-01 02:40:42.0 Sign in to report as inappropriate
The reverse mortgage works by allowing the homeowner access to the equity in their home without the issues of a monthly payment for the available funds. http://www.reversemortgagelendersdirect.com/reverse-mortgages-pros-and-cons/ http://www.reversemortgagelendersdirect.com/reverse-mortgage-calculator/ http://www.reversemortgagelendersdirect.com/hecm-reverse-mortgage/ http://www.reversemortgagelendersdirect.com/reverse-mortgage-faq/saverbuch on 2007-12-04 14:33:28.0 Sign in to report as inappropriate
Incorrect. Providentials license was never revoked. There was a Technical Violation. The Technical Violation can be found if you search through Google. What you will find is that we resolved the issue by adding a significant amount of Capital into our business. But, interestingly enough your question, really questions me, not Providential correct? I will answer it by saying that I have 10 years of experience dealing with Regulators and thousands of consumers; and I can perhaps help any lender who may come across Technical Violations or issues of their own. Experience is a 2 way street. We learn from our sucesses as well as our failures. Perhaps I add no value to you, but to others I can! In todays market, Regulators are coming down hard on any lender, especially those that offer innovative mortgage products....as these products have been stereotyped as predatory lending.