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[vimeo id=”48563159″ width=”625″ height=”352″]
Reverse Mortgage Counseling Pre-Education
Require Pre-Education Before Counseling? One group suggested to the Consumer Financial Protection Bureau (CFPB) that a ‘third party’ provide upfront education about the reverse mortgage BEFORE the borrower get’s HUD counseling or meets with a lender. Who would these ‘third parties’ be and who would supervise them?
Watch the video for more. and see the entire report from the CRL here.