Daily Archives: May 20, 2009

The California State Assembly passed a bill to further regulate reverse mortgage lending on a 68 to 2 vote, leaving it now for Senate consideration. Meanwhile, the Senate Judiciary Committee has moved a separate reverse mortgage bill on to the … Continue reading →

The Minnesota state legislature presented a reverse mortgage bill to Gov. Tim Pawlenty on Monday that keeps a 10-day rescission period and suitability requirements which are supported by the AARP but opposed by lenders. The Conference Committee marked up the … Continue reading →