Testifying before the House Financial Services Committee this morning, Housing Secretary Ben Carson said he would consider adopting better tools for FHA to assess and manage risk in … more HUD Secretary Backs Better Forecasting Tools for HECM; Comments on Co-Ops and Recent Reg Changes
Legislation
New Oregon Law Requires Additional Disclosures
By Weiner Brodsky Kider, PC Effective January 1, 2018, Oregon-licensed mortgage lenders and brokers must provide clear and conspicuous summaries of reverse mortgage terms – including costs, repayment … more New Oregon Law Requires Additional Disclosures
Reverse Mortgage Face-to-Face Counseling Legislation Halted in CT
The Connecticut legislature adjourned for the year before lawmakers could pass a bill that would have required the reverse mortgage closing or counseling session be conducted in-person. Under … more Reverse Mortgage Face-to-Face Counseling Legislation Halted in CT
Combating Isolation and Loneliness
The Senate Select Committee on Aging held a hearing on April 27 that examined the consequences of isolation and loneliness among America’s aging population and explored programs and … more Combating Isolation and Loneliness
TN Implements Further Regulations on Authorization Requirements for Reverse Mortgage Lenders
By Weiner Brodsky Kider, PC The Tennessee Home Equity Conversion Mortgage Act (“HECMA”, Tenn. Code Ann. § 47-30-101, et seq.) has and continues to require mortgage lenders that … more TN Implements Further Regulations on Authorization Requirements for Reverse Mortgage Lenders
Mnuchin’s OneWest Tenure Questioned During Confirmation Hearing
At his five-hour long confirmation hearing today, Treasury Secretary nominee Steven Mnuchin took questions about his positions on monetary policy, tax reform, foreign investment and economic sanctions, housing … more Mnuchin’s OneWest Tenure Questioned During Confirmation Hearing