Legislation
Latest Posts
New Hampshire Bill Proves Problematic for Reverse Mortgage LO Comp
Jun 02, 2013A New Hampshire bill amending loan officer compensation for reverse mortgages has garnered criticism for its vagueness. House Bill 594 amends the state’s general consumer laws, striking out a phrase that prohibits yield spread premiums on reverse mortgage transactions. “In a reverse mortgage transaction, any credit derived from offering an interest rate higher than the […]
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California Reverse Mortgage Bill Stopped in its Tracks
May 02, 2013 -
Congress Members Target FHA “Emergency” in New Legislation
Mar 14, 2013 -
Senator Introduces Bill Allowing FHA to Make Reverse Mortgage Change
Mar 07, 2013 -
Illinois High Cost Law Gets Postponed, Prompts Reverse Mortgage Impact
Jan 28, 2013 -
Congress Passes New Bill to Help Distressed Homeowners
Jan 02, 2013 -
Minn. Governor Vetoes Annuities Bill to Protect Reverse Mortgage Borrowers
Jun 05, 2012 -
Dodd-Frank Meets 33% of Rule Deadlines, Misses Majority
Jun 04, 2012 -
Bill to Require in Person Reverse Mortgage Counseling Introduced
Mar 05, 2012 -
Payroll Tax Extension Proposal Could Increase Cost of FHA Mortgages
Dec 19, 2011