The truth about reverse mortgage occupancy rules
What are the actual occupancy rules for Home Equity Conversion Mortgages? The answer may surprise you as Dan Hultquist explains.
Regulations
New York Reverse Lenders Impacted by 11th-hour Regulations
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.
Required Pre-Education?
Require Pre-Education Before Counseling? One groups suggested to the 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?
Bridge over troubled waters – Retirement Funding
Don't burn bridges. The HECM is a bridge over the troubled waters of retirement. What must we do to insure it remains a reachable option for future retirees?
CFPB Regulations – Play by the same rules: Industry Leader Update
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?
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
Congress to HUD: Fix non-recourse problem
[vimeo id=”22467512″ width=”601″ height=”338″] What do you think HUD will do about it’s non-recourse problem?online surveys
