As new mortgage-related regulations fly fast and furious across the landscape, originators on both sides of the forward/reverse aisle are scratching their collective heads trying to determine what they can and can’t do, particularly when it comes to compensation.
For example, the new Federal Reserve Board restrictions on loan officer and mortgage broker compensation that take effect April 1st, said to be very similar to language in the new Dodd-Frank Wall Street Reform and Consumer Protection Act, prohibits payments to a mortgage originator that vary with terms of the loan.

During NBC Today’s Money 911 segment on Wednesday, reverse mortgages were one of the topics discussed.
Only days after the Federal Reserve