S.2490 - Reverse Mortgage Proceeds Protection Act

A bill to prohibit authorized lenders of home equity conversion mortgages from requiring seniors to purchase an annuity with the proceeds of a reverse mortgage, and to provide other consumer protections to reverse mortgage borrowers. view all titles (2)

All Bill Titles

Official: A bill to prohibit authorized lenders of home equity conversion mortgages from requiring seniors to purchase an annuity with the proceeds of a reverse mortgage, and to provide other consumer protections to reverse mortgage borrowers. as introduced.
Short: Reverse Mortgage Proceeds Protection Act as introduced.

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This is a list of the blog posts on this bill rated most useful by the "My OpenCongress" community. You can help by clicking "Yes" or "No" next to each post where it reads, "Was this article useful?"

04/26/08

Reverse Your Mortgage: FHA MODERNIZATION BILL UPDATE

April 10, 2008 Senator Claire McCaskill (D-MO) was successful at getting her reverse mortgage bill (S. 2490) added to S. 3221. The Reverse Mortgage Protection Proceeds Act would prohibit lenders from requiring the purchase of an annuity ...

Source: Reverse Your Mortgage

04/25/08

Senator Wants Look At Reverse Mortgage Claims

Sen Claire McCaskill(D-MO), the author of S. 2490 â the Reverse Mortgage Proceeds Protection Act â a bill that would end the âmarketing or sale of an annuity as a condition of obtaining any home equity conversion mortgageâ â has as

Source: Reverse Mortgage Guide

04/11/08

HECM Protections Stall On Capitol Hill

... in Washington â has had so little success with reverse mortgage legislation. Provisions to lower reverse mortgage costs and to enhance borrower protections are routinely lost in the legislative process. As an example, S. 2490: [...]

Source: Hipotecas inversas de investigación

02/05/08

New Effort To Limit Annuities

S. 2490 â the Reverse Mortgage Proceeds Protection Act â was introduced in December by Sen Claire McCaskill(D-MO). The bill would get to an issue we havâ¦ commercial loans mortgage rates bankruptcy loans cash loans personal loan car loan ...

Source: Loan News

02/05/08

New Effort To Limit Annuities | Reverse Mortgage Guide

S. 2490 â the Reverse Mortgage Proceeds Protection Act â was introduced in December by Sen Claire McCaskill(D-MO). The bill would get to an issue we have repeatedly noted â the use of reverse mortgages to ultimately fund high-cost ...

Source: Reverse Mortgage Guide

12/13/07

Bill Action: Introduced: S. 2490: A bill to prohibit authorized ...

Claire McCaskill [D-MO] introduced S. 2490: A bill to prohibit authorized lenders of home equity conversion mortgages from requiring seniors to purchase an annuity with the proceeds of a reverse mortgage, and to provide other consumer ...

Source: Active Legislation -- Tracked by GovTrack.us

12/13/07

S. 2490, A bill to prohibit authorized lenders of home equity ...

S. 2490 would prohibit authorized lenders of home equity conversion mortgages from requiring seniors to purchase an annuity with the proceeds of a reverse mortgage, and it would provide other consumer protections to reverse mortgage ...

Source: washingtonwatch.com - Welcome to washingtonwatc...

12/13/07