Mortgage Industry Officials Warn of Halt to Reverse Mortgage Originations without Immediate Legislative Action
Boston, MA, Dec 24, 2021 — Hundreds of senior citizens seeking financial stability through reverse mortgages could see their plans grind to a halt unless the Massachusetts Legislature acts to extend the governor’s COVID emergency order that expired Dec. 15. At issue is a state law that mandates in-person counseling for all reverse mortgage applicants. … Read more