Financial Regulators Adopt Guidance on Reverse Mortgage Products

September 17, 2010

Abstract: The Federal Financial Institutions Examination Council (FFIEC) released guidance on August 16, 2010 on reverse mortgage products. The guidance, adopted by each of the financial regulators, emphasizes the consumer protection concerns raised by reverse mortgages and the importance of financial institutions mitigating the compliance and reputation risks associated with these products.

Download PDF (pdf, 34.07 kb)