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The long road to remote reverse mortgage counseling in Massachusetts

The long road to remote reverse mortgage counseling in Massachusetts
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United statesKate lipper garabedianSusan tuckerMaura healeyGeorge downeyPaul brodeurBrett kirkpatrickJohn yedinakSavings bankSenate joint committee on housingMassachusetts legislatureMassachusetts mortgage bankers associationNational reverse mortgage lenders associationDivision of banksMassachusetts bankers associationMassachusetts state senateintroduced

Remote reverse mortgage counseling now permanently permitted in Massachusetts

After a long-held face-to-face restriction, reverse mortgage counseling can now be conducted remotely in Massachusetts.

United statesSteve irwinPaul brodeurKate lipper garabedianMaura healeyBrett kirkpatrickGeorge downeyMaura healey george downeyElder affairsNational reverse mortgage lenders associationMassachusetts mortgage bankers associationSavings bankUs department of housingUrban developmentFederal savings bankMassachusetts house

MBA advocates for remote reverse mortgage counseling in Mass

MBA's advocacy arm is urging its Massachusetts members to contact their lawmakers to make a permanent exception allowing remote counseling.

United statesBob broeksmitGeorge downeyMortgage bankers associationMortgage action allianceSavings bankState houseFederal savings bank

Face-to-face reverse mortgage counseling is back in Massachusetts (for now)

HECM counseling in Massachusetts has a legal face-to-face requirement now back in effect, but the industry is hoping to change that.

United statesDavid berenbaumGeorge downeySavings bankUs department of housingNational reverse mortgage lenders associationMassachusetts mortgage bankers associationFederal savings bankUrban developmentAssistant secretaryHousing counseling david berenbaum

New Jersey bill seeks to require face-to-face counseling for reverse mortgages

A new bill introduced in the New Jersey Senate would require in-person counseling for the state's reverse mortgage business.

New jerseyUnited statesShirley turnerGeorge downeyCharlie bakerSavings bankUs department of housingJersey senateMassachusetts legislatureNational reverse mortgage lenders associationHousing administrationNew jersey senateJersey state senator shirley turnerNew jersey stateFederal housing administrationHome equity conversion mortgages