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Updated over 6 years ago,
Can I originate a reverse mortgage?
Hello BP
I know there are rules pertaining to originating notes (quantity/frequency) with Dodd-Frank. I was wondering if there were similar rules to being able to originate a reverse mortgage. if the answer is “yes” what resources are available to an individual to make sure I stay compliant.
I know the big one is being 62... does this apply if the lender is a private party and not an institution.
Thanks for the help!
Aloha
Matt