Elder Financial Abuse Epidemic

Image of a group of golden-agers smiling and laughing.

Image of a group of golden-agers smiling and laughing.

The mortgage community has a unique role in ensuring that appropriate policies are in place to prevent elder financial abuse. Financial institutions, including banks, credit unions, brokerages, and money services businesses (MSBs) are typically required to file SARs when they know or suspect that illegal activity is occurring in their transactions.

Mortgage Report for 2020

Young couple in a meeting with a woman professional shaking hands.

Young couple in a meeting with a woman professional shaking hands.

You being in the business of selling homes, I have a question for you: with fewer listings on the market in November 2019 than there were in November 2018; and, when, in December 2018 there were fewer listings than in November 2018, showing a trend of declining listings from November to December, does it stand to reason that when the numbers for December 2019 become available, they’ll show there were fewer listings than in November 2019?