Category: Personal Finance
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State-Specific Legislations that May Affect Reverse Mortgage
0 Likes Thank You! While the reverse mortgage industry is governed by a set of interrelated federal and state laws, the majority of policies that affect reverse mortgage lead generation and lending are crafted at the
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Comparing HECM and HELOC: Why One is Preferred Over the Other
0 Likes Thank You! Following the release of Consumer Financial Protection Bureau’s (CFPB) report focusing on reverse mortgage disadvantages and a consumer guide encouraging seniors to try other home equity loan like Home Equity Line of Credit (HELOC), it is
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Reverse Mortgage Lenders Group Fills in the Missing First-hand Info in CFPB Report
0 Likes Thank You! With the goal to cover for the lack of information from actual reverse mortgage clients, the National Reverse Mortgage Lenders Association (NRMLA) contracted ORC International to conduct a research and collect information
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Reverse Mortgage Lenders Group Pushes for Changes in Exam Guidelines
0 Likes Thank You! The National Reverse Mortgage Lenders Association (NRMLA) requested for amendments in the Reverse Mortgage Examination Guidelines (RMEGs) to reflect regulatory changes since its last update three years ago. In a letter dated