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 wish to engage in the business of making reverse mortgages in Tennessee to submit an application to the Tennessee Department of Financial Institutions (“DFI”) and obtain authorization … more TN Implements Further Regulations on Authorization Requirements for Reverse Mortgage Lenders
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NRMLA Responds to CFPB Press Release
The Consumer Financial Protection Bureau announced yesterday in a press release that it had finalized consent orders with three reverse mortgage companies for misleading advertising practices. In response, NRMLA President and CEO Peter Bell made the following statement: The National Reverse Mortgage Lenders Association works hard to educate industry participants on appropriate advertising practices. We … more NRMLA Responds to CFPB Press Release
What the CFPB Court Ruling Means for NRMLA MembersMembers Only
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CFPB Expands Foreclosure ProtectionsMembers Only
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Calculating Area Median Incomes in MassachusettsMembers Only
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If a Land Trust May Be Your Borrower, Take NoteMembers Only
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NRMLA Seeks Exemption from CFPB Servicing ProposalMembers Only
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Putting the CFPB Report Into PerspectiveMembers Only
No matter how much information we provide to borrowers and their families, there will always be some who will never completely understand everything about reverse mortgages, or will forget what they learned over time.
CFPB Sues Reverse Lender for False Advertising
The Consumer Financial Protection Bureau is taking legal action against a Maryland-based mortgage company for disseminating deceptive reverse mortgage advertising.
Industry Seeks Flood Rule ExemptionMembers Only
NRMLA submitted comments to federal regulators requesting an exemption for reverse mortgages from a proposed regulation that establishes new flood insurance escrows for “forward” mortgages.