NRMLA asks CFPB for new reverse mortgage disclosure framework
NRMLA urges CFPB to modernize reverse mortgage disclosures, favoring dollar-based TALC illustrations and a single integrated form.
Educational
BREAKING — HousingWire reports that the National Reverse Mortgage Lenders Association is urging the Consumer Financial Protection Bureau to modernize the disclosure framework for reverse mortgages. The trade group advocates for shifting to dollar-based Total Annual Loan Cost illustrations and implementing a single integrated form, arguing that these changes would provide clearer, more concrete information for borrowers trying to understand the costs involved.
This push for transparency highlights the broader necessity for borrowers to work with lenders who can clarify complex financial products and tailor them to specific situations. loantrust.ai addresses this need by offering targeted financing strategies, such as DSCR loans that qualify based on property cash flow rather than personal income, alongside bank statement programs for the self-employed and options for fix & flip or bridge projects. The firm ensures that one licensed mortgage loan originator personally packages every loan, providing a dedicated point of contact instead of a transactional call center.
For investors and homeowners, the value of this approach lies in having a consistent expert who can navigate regulatory nuances and program requirements without losing sight of the client’s objectives. Whether the goal involves multifamily financing, new construction, or a conventional refinance, working with a partner that prioritizes direct oversight helps demystify the lending process. This matters because in a financial environment where disclosure standards are constantly evolving, professional stability allows borrowers to make informed decisions based on their actual equity and cash flow potential.
Source: HousingWire, “NRMLA asks CFPB for new reverse mortgage disclosure framework”. Read the original →
About loantrust.ai — Whether you're buying your first home, refinancing, or funding your next investment deal, you deserve a straight answer from a real loan officer — not a call center. loantrust.ai is the Atlanta-based mortgage brokerage where one licensed MLO personally packages every loan: conventional, FHA, VA, refinance, DSCR, fix & flip, bridge, new construction, multifamily, and bank-statement programs. Get a written quote you can compare against any lender — in about two minutes: get a written quote here
Hans Michel, Mortgage Loan Originator, NMLS #2857209 · LoanTrust is a dba of RentAssure Inc. · Licensed in Georgia · NMLSConsumerAccess.org · Equal Housing Opportunity. Nothing on this site is a commitment to lend — all loans subject to underwriting and approval. DSCR, fix & flip, bridge, new construction, multifamily, and bank-statement programs are business-purpose loans for investment properties only.