Voxtur’s bankruptcy filing raises questions about lawyers’ advice letters

The American Land Title Association (ALTA) applauds the news, saying it reinforces its warning that AOLs are a “fragile and inferior” alternative to title insurance and that the letters are “inferior products that do not reduce risk.” “For lenders that have adopted AOL programs, the filing raises immediate questions about going concern, liability and counterparty […]

HUD reverse mortgage advice removal risks senior protection

NatEquity is a California-based originator, administrator and portfolio manager of lifetime shared valuation products for equity access. The company advertises itself as a national provider of equity access for senior homeowners. According to its website, the company’s mission is “to help senior homeowners in coastal California access their home equity to relieve financial stress and […]