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Volume 20 - Number 13

June 22, 2009

OCC Chief Calls for More Stringent Supervision of Reverse Mortgages

Federal banking regulators will tighten oversight of reverse mortgages to better protect consumers, particularly cash-poor but equity rich elderly citizens who are often the target of such products. The agencies are currently working on guidance for reverse mortgages but the measures must be robust so that it can provide adequate protection, according to Comptroller of the Currency...

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