Reverse Mortgage News Blog Entries »

30-day Rescission Period Dropped from California Bill

30-day Rescission Period Dropped from California Bill

Shannon Hicks May 7, 2009 0

A California Assembly committee struck the controversial 30-day rescission period as one of several amendments to a reverse mortgage bill Monday, a spokeswoman for Assemblyman Mike Feuer, the bill’s author, said today. The Assembly

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Sen. McCaskill To Keep Pushing for Reverse Mortgage Reform

Sen. McCaskill To Keep Pushing for Reverse Mortgage Reform

Shannon Hicks May 1, 2009 0

Missouri Sen. Claire McCaskill, who has described reverse mortgages as “very dangerous,” will continue to push for further reforms of the reverse mortgage market, her spokeswoman said, after the Senate did not consider her

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Minnesota Attorney General Pushes Reverse Mortgage Legislation

Minnesota Attorney General Pushes Reverse Mortgage Legislation

Shannon Hicks February 8, 2009 1

Minnesota’s legislators and attorney general, concerned about disreputable mortgage brokers and lenders taking advantage of seniors, have introduced a bill that would allow borrowers to rescind a reverse mortgage for up to 30 days.

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The HVCC Changes YOUR business…

The HVCC Changes YOUR business…

Shannon Hicks January 7, 2009 0

Washington, DC – Federal Housing Finance Agency (FHFA) Director James B. Lockhart announced that Fannie Mae and Freddie Mac will implement a revised Home Valuation Code of Conduct (Code) effective May 1, 2009. The

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Reverse Mortgage Knowledge

Reverse Mortgage Knowledge

Shannon Hicks October 27, 2007 0

In order to become a successful reverse mortgage loan originator you must start with the basics. Master the basic function of the Reverse Mortgage loan origination process, including filling out the loan application; Understanding

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