NRMLA submitted two sets of comments to federal regulators last week, one dealing with appraisals for “higher-risk mortgages” and the other with loan officer compensation.
NRMLA submitted comments to the CFPB in response to a proposed rule that implements new servicing guidelines.
James McCarthy, who helps manage the Consumer Financial Protection Bureau’s complaint resolution portal, conducted a presentation for the Board of Directors last week.
NRMLA submitted two comment letters to the CFPB that focus on proposed changes to counseling and disclosure requirements mandated in the Dodd-Frank Act.
NRMLA submitted comments to the CFPB in response to a Federal Register notice published over the summer that asked a series of questions about real-life borrower experiences.
NRMLA this week submitted comments to the Conference of State Bank Supervisors proposing amendments to the reverse mortgage exam guidelines first published in 2009.
The CFPB study is a well-written, comprehensive analysis of the reverse mortgage program, but contains nothing new that NRMLA or the industry is not already aware of, or working to improve.
A congressionally-mandated study of reverse mortgages published this week by the CFPB concludes that elderly consumers are not getting enough information to help them make well-informed decisions and that better disclosures and better counseling is needed.
The Center for Retirement Research published a briefing paper that provides an abridged, non-technical version of an earlier study entitled, How Important is Asset Allocation to Financial Security in Retirement?
The Center for Retirement Research published a new study, which concludes that financial planners have mistakenly focused on asset allocation, rather than the broader range of retirement options, such as reverse mortgages.