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Aug 18, 2021 · AAG offers various types of reverse mortgages for retired homeowners, but they all carry risk and fees. Learn about the eligibility, costs, benefits and drawbacks of choosing AAG for your reverse mortgage.
- 32 East 31st Street, 4th Floor, New York, 10016, NY
- Writer
Apr 15, 2024 · Learn about AAG, a leading reverse mortgage lender with over 20 years of experience and positive reviews. Find out the pros and cons of reverse mortgages and what to consider before getting one.
AAG is a multi-location business that offers home equity solutions, including reverse mortgages. It has a BBB rating of A+ and 76 complaints closed in the last 3 years, some related to deceptive representations and violations of consent order.
- 18200 Von Karman Ave Ste 300, Irvine, 92612-1016, CA
- 0800-716-4364
Oct 8, 2021 · The CFPB alleges that AAG inflated home values and misrepresented their accuracy to induce consumers to apply for reverse mortgages. AAG faces a $1.1 million penalty and a consent order to stop the illegal practices.
May 17, 2023 · Learn about the most common complaints and misperceptions about reverse mortgages, such as fees, proceeds, terms, foreclosure, and time. Find out how reverse mortgages can benefit retirees and how to get counseling and information.
Oct 8, 2021 · AAG, based in Irvine, California, is the nation’s largest provider of reverse mortgages. In 2016, the Bureau issued an administrative consent order against AAG to address the Bureau’s finding that AAG used deceptive advertisements, including falsely claiming that consumers could not lose their homes.
Oct 14, 2021 · The CFPB alleges that AAG inflated home values and misled consumers about its appraisal process in violation of the CFPA and a 2016 consent order. AAG will pay $1.1 million penalty and $173,400 redress to affected consumers.
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