New York Reverse Lenders Impacted by 11th-hour Regulations

Shannon Hicks
 The authority to create regulations leads to 11th-hour changes Last week many reverse mortgage lenders in the Empire State ceased loan originations for both proprietary (private) and federally-insured loans thanks to a slew of new regulations included as part of an Emergency Adoption & Rule Making announced March 5th.

CFPB Regulations – Play by the same rules: Industry Leader Update

Shannon Hicks
UPDATE: Here’s a link to another article on NMLS licensing & the SAFE Act by Richard Booth. [ad#Independence Housing Group] [vimeo id=”33425593″ width=”625″ height=”352″] Consumer Financial Protection Bureau Regulations Shouldn’t we all play by the same rules? The Consumer Financial Protection Bureau (CFPB) says all mortgage originators should play by

AARP Regulations – Have they gone too far?

Shannon Hicks
That may be just what future reverse mortgage borrowers may need to do to satisfy federal regulators before getting the loan. AARP recently called for more ‘special protections’ to help prevent serious harm (full story here). What is puzzling is the mixed messages that often come from AARP regarding reverse uses cookies to improve user-experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Cookies View Policy

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