E868: It’s not a good time to be a Home Equity Alternative Company

What this episode covers

EPISODE #868: Massachusetts AG sues the home equity alternative company Hometap. [Ballard Spahr, LLP] Now’s not a good time to be a company offering home equity alternatives to reverse mortgages or HELOCs. Last month, the CFPB issued a warning on equity sharing arrangements. Last October, Washington State’s Attorney General’s office filed a suit against Unison. Now, Hometap is in the crosshairs of the Massachusetts State Attorney General’s office, who allege that the company “pervasively and systematically violated the state’s consumer protection laws. Other Stories: [Housing Wire] An Internal memo reveals where DOGE plans to slash HUD’s budget and staffing. [Reverse Market Insight] RMI’s Market Minute with Jon McCue.