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In interviews, nearly two dozen lawyers, consultants and mortgage executives told Reuters that the CFPB’s sharp pullback under the Trump administration has emboldened the industry to get back into.
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Foreclosure: Generally, there is a three- to seven-year mandatory waiting period. Some traditional mortgage lenders may require a borrower to wait the full seven years after a foreclosure before they.
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“I turn away at least one senior a week who wants to do a reverse mortgage, who is living in beautiful condominium, but the condo association doesn’t want to go through the expense or aggravation to.