Your involvement with local & state lawmakers is key for our industry to…
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CFPB to Congress on Reverse Mortgage Industry
What some feared would be highly critical actually was balanced giving a historical perspective. The CFPB’s report to Congress on the Reverse Mortgage Industry. Highly detailed and filled with demographic and market trends, the report…
Continue readingAB2010 – California mandatory face-to-face counseling
Opposing AB2010 (California)
If you originate in California you will want to follow this story. The California Senior Legislature has asked for mandatory face to face reverse mortgage counseling. If passed, it would be a substantial change to the way California originators do business in the future.
Here is a link to the story on Reverse Mortgage Daily for more info.
Worth fighting for: Friday’s Food for Thought
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We may feel we are on the ropes, but there are some things worth fighting for as reverse mortgage professionals.
Our rights as originators:
- Fairness in regulation (NMLS renewal)
- To be included in regulatory discussion
- To be treated as a professional not a predator by lawmakers
Our responsibilities:
- To be ethical in all we do
- To continually improve our knowledge & skill set
- Participate in industry support, discussions and trade groups
- To preach the gospel of the reverse mortgage
