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The long road to remote reverse mortgage counseling in Massachusetts

May 16, 2024 mpsingh No Comments Real estate counseling, long, Massachusetts, Massachusetts Division of Banks, Massachusetts House of Representatives, Massachusetts Mortgage Bankers Association, Massachusetts State Senate, Mortgage, NRMLA, Remote, Reverse, road, The Federal Savings Bank

From 2010 to 2024, the reverse mortgage industry sought to allow remote reverse mortgage counseling in the state of Massachusetts, citing an insufficient number of actual counselors and logistical challenges for senior clients. But as time dragged on and state lawmakers seemed unwilling to seriously entertain the proposal, the ravages of the COVID-19 coronavirus pandemic [...]read moreThe long road to remote reverse mortgage counseling in Massachusetts