Mortgagee Letter to Spell Out Reverse Mortgage Changes, LO Comp Rule Update


ReverseFocusReverse Focus Weekly Podcast Episode #241

In this week’s Reverse Focus podcast, Shannon Hicks discusses the latest in expected reverse mortgage program changes that are forthcoming from the Federal Housing Administration by the end of January.

Hicks also talks about the Consumer Financial Protection Bureau’s most recent rule makings on loan originator compensation and aims to answer the question: Will reverse mortgage mergers and acquisitions continue at their most recent pace. Finally, the podcast delves into a recent report indicating Bank of America will once again ramp up its mortgage lending business with a strong outlook for the lending market.

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Talking Points:

  • Anticipated mortgagee letter spelling out changes expected end of this month
  • LO Compensation rule finalized
  • Bank of America to resume mortgage lending
  • Will acquisitons of reverse lenders continue?

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Editor’s Note: These posts are sponsored by Reverse Focus.

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