Are reverse mortgages covered under the SAFE Act?
Are reverse mortgages covered under the SAFE Act? The rules specifically include refinancing, reverse mortgages, home equity lines of credit (HELOC) and other first and additional lien loans. And the employees making the loans may qualify as mortgage loan originators, which could subject them to the registration requirements if they exceed the de minimis standard. … Continue reading Are reverse mortgages covered under the SAFE Act?
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