law

Minnesota Attorney General Pushes Reverse Mortgage Legislation

Shannon Hicks
Minnesota’s legislators and attorney general, concerned about disreputable mortgage brokers and lenders taking advantage of seniors, have introduced a bill that would allow borrowers to rescind a reverse mortgage for up to 30 days. The legislation, introduced in both the state House of Representatives and Senate yesterday, states that borrowers

The HVCC Changes YOUR business…

Shannon Hicks
Washington, DC – Federal Housing Finance Agency (FHFA) Director James B. Lockhart announced that Fannie Mae and Freddie Mac will implement a revised Home Valuation Code of Conduct (Code) effective May 1, 2009. The Code is based on an agreement between the Enterprises, the New York State Attorney General Andrew

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