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MBA Reverse

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Trade Groups Request Federal Reserve to Delay Reverse Mortgage Proposal 

Jan 10, 2011By

A group of trade associations are requesting the Federal Reserve Board delay its regulatory changes that would prohibit deceptive advertising and improve disclosure of reverse mortgage information until later in 2011. The National Reverse Mortgage Lenders Association, Mortgage Bankers Association, and the American Bankers Association said that while they generally support the proposal, given other legislative […]