Tag Archives: Regulations

The Vermont Legislature delivered a bill to Gov. Jim Douglas yesterday that would limit reverse mortgages to federal programs. The state House of Representatives clerk said HR 222 was delivered yesterday. Votes in both the House and Senate were not … Continue reading →

Lenders need prior approval to originate home equity conversion mortgages for purchases in Massachusetts, a Division of Banks spokesman said today. Massachusetts law allows lenders with programs approved by the Division of Banks to make reverse mortgages “to the owner of … Continue reading →

California Assemblyman Mike Feuer introduced reverse mortgage legislation that would allow borrowers to cancel the loan within 30 days, require lenders to provide a list of all nonprofit counselors in the state that are approved by the U.S. Department of … Continue reading →