The CFPB has announced it’s examination procedures for lenders including reverse mortgages. What guidelines and disclosures will we see added? What now must be addressed in the future?
Continue readingGFE & TIL to be combined into one disclosure
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Seniors Staying In Their Homes
More seniors are staying in their homes due to the economy. Also, the Consumer Protection Bereau releases a combination of GFE and Truth and Lightning Disclosures.
See the new disclosures at the links below:
New Disclosures
Will Fed’s new RM disclosures simplify?
Reverse Mortgage Disclosures
Fannie Mae is suspending acceptance of all new HECM deliveries, and The Federal Reserve is making proposed reverse mortgage disclosures. Watch the video and see what you think.
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