Aegean Financial d/b/a Aegean Financial, Inc., Reverse Mortgage Professionals, Jubilados Financial, Newport Lending Reverse Mortgage, Promise Land Lending, Reverse Financial Group, and Reverse Mortgag
Enforcement, Reverse Mortgages, Mortgage Origination, Mortgages
The CFPB fined American Advisors Group, Reverse Mortgage Solutions, and Aegean Financial nearly $800,000 for “using deceptive advertisements to sell reverse mortgages” by “promot[ing] the loans as essentially risk-free.” The CFPB fined American Advisors Group $400,000, Reverse Mortgage Solutions $325,000 and Aegean Financial $65,000.
Inactive or Resolved
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