A new reverse mortgage bill poised to become law in New York stands to change the way reverse mortgage professionals do business in the state. The bill, passed by the State Assembly in May and now awaiting the signature of Governor Andrew Cuomo, takes sweeping aim at what it calls “deceptive practices,” requiring lenders to […]
Reverse mortgage originators and servicers that conduct business in the state of New York should act now to comply with a bill passed by that state’s assembly — and that will soon be submitted for the signature of Governor Andrew Cuomo to become law. That’s according to a notice written by a partner at international […]
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