NRMLA asks CFPB for new reverse mortgage disclosure framework
NRMLA urges CFPB to modernize reverse mortgage disclosures, favoring dollar-based TALC illustrations and a single integrated form.
NRMLA urges CFPB to modernize reverse mortgage disclosures, favoring dollar-based TALC illustrations and a single integrated form.
BELLINGS Intelligence Score: 28
Why it matters
NRMLA's request for CFPB to modernize reverse mortgage disclosures is a notable regulatory engagement that could influence disclosure practices in a niche but important segment of the mortgage market, affecting lenders and borrowers involved in reverse mortgages.
Sources
HousingWire
NRMLA asks CFPB for new reverse mortgage disclosure framework
NRMLA urges CFPB to modernize reverse mortgage disclosures, favoring dollar-based TALC illustrations and a single integrated form.