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Judge Suspends Montgomery Law On Penalties for Predatory Lending – Montgomery County. and several mortgage lenders asked the Treasury Department’s Office of Thrift Supervision, the federal agency that regulates more than 800 savings and loan institutions, to.
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FHA: We saw appraisal issues on 37% of HECM loans – Montgomery said putting an appraisal review process in place was the least disruptive. In November, FHA will issue a report to Congress on the state of the reverse mortgage program and its impact.
Montgomery Addresses Appraisal Inflation in Reverse Mortgages – The FHA notes that the financial soundness of FHA’s reverse mortgage program is contingent. and will require a second appraisal if our review shows that there is or may be an inflated value,”.
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