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 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

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