Browsing Tag:Counseling

how-reverse-mortgage-counseling-has-needed-to-change-throughout-coronavirus
Understandably, the advice is an element of the reverse mortgage transaction that has been noticeably affected by the COVID-19 coronavirus outbreak.Reverse mortgage industry actors at all levels frequently report how older customers prefer to conduct financial business transactions through face-to-face interactions, but given the recommendations and directions of local, state, and federal agencies up to and including the Centers...
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mass-division-of-banks-publishes-reverse-mortgage-counseling-steering
The Massachusetts State Division of Banks has issued new industry guidelines regarding mandatory personal counseling for reverse mortgage loans as a result of the COVID-19 coronavirus outbreak. The guidelines are taken from recent legislation that Governor Charlie Baker signed last week that includes a provision that allows telephone or video counseling on reverse mortgage transactions for the duration...
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