TopCompliance ALERT Logo
                                           FFIEC Issues Proposed Guidance on
                                                  Reverse Mortgage Products

WEBSITE
QUICK LINKS


HOME

Mortgage Compliance

Service Presentations

CORE Compliance

About Us

Our Clientele

News & Views Posts

Archive

Library

Contact Us




Website
LCG - Link

Visit Us!
News and Views
LCG Weblog - 1
Visit Us!

PRESENTATIONS

Mortgage Compliance

Due Diligence

Forensic Services

FHA Examinations

Legal Reviews/Remedies

CORE Compliance Matrix

Loss Mitigation

Quality Control

HMDA / CRA

Licensing

Policy Guides/QC Plans

IT and IS

_______________

516-442-3456

Email Us




Join Our Mailing List
Overview

On December 17, 2009, the Federal Financial Institutions Examination Council (FFIEC), on behalf of its members, released proposed guidance (dated December 11, 2009) on reverse mortgage products. The purpose of the issuance is to propose procedures to address the compliance and reputation risks raised by reverse mortgage lending.

The proposed guidance describes the general features of reverse mortgage products, relevant legal requirements, and consumer protection concerns raised by reverse mortgages.

Comments are to be received 60 days from publication in the Federal Register.


Highlights

  • Communications with Consumers
  • Qualified Independent Counseling
  • Avoidance of Potential Conflicts
  • Policies, Procedures, and Internal Controls
  • Third-Party Risk Management

 Visit our Library for Issuance

Action Button Image 1

Reverse Mortgage Products:
Guidance for Managing
Compliance and Reputation Risk
(FFIEC Docket 2009-0001 -12/11/09)
 
Action Button Image 1


Lenders Compliance Group
is a full-service, mortgage risk management firm, providing professional guidance to financial institutions in all areas of mortgage compliance.

Specializations

Mortgage Compliance
Forensic Loan Audits
FHA Examinations
State and Federal Examinations
Fannie/Freddie/Ginnie Applications
Mortgage Due Diligence
Legal Reviews & Remedies
Loss Mitigation Compliance
Quality Control
HMDA & CRA Reviews
IT & IS Compliance
Statutory Licensing


This communication is sent to our valued clients and colleagues, who regularly receive our Advisory Bulletins, Mortgage Compliance Updates,  Compliance Alerts, Licensing Alerts, and News and Views.

These publications are free to subscribers.

� 2009 Lenders Compliance Group, Inc. All Rights Reserved.