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Home » Store » News » FFIEC Proposes Reverse Mortgage Guidance

FFIEC Proposes Reverse Mortgage Guidance

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Federal banking regulators are urging lenders to be careful in originating reverse mortgages, 90 percent of which are FHA home equity conversion mortgages, because of the unique compliance and regulatory risks posed by the product. The six members of the Federal Financial Institutions Examination Council, the Office of the Comptroller of the Currency, the Board of Governors of the Federal...
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