Our skilled group of attorneys represents Home Equity Conversion Mortgage (HECM, more commonly known as a “reverse mortgage”) originators, investors, servicers, and other mortgagees across the country. We counsel our clients on the numerous complex issues they face with these unique loans, as well as the related regulatory requirements of the Department of Housing and Urban Development (HUD). We also assist reverse mortgage companies with Consumer Financial Protection Bureau (CFPB) reverse mortgage examinations.
Bradley has helped reverse mortgage companies navigate a period of significant change in the industry, routinely helping lenders and servicers implement and comply with new HUD rulemaking, Mortgagee Letters, handbook consolidations, and other regulatory changes. We have extensive experience interfacing with various HUD divisions regarding HECMs, including the:
- Office of Fair Housing
- Quality Assurance Division
- Office of Housing
- Office of General Counsel
- Lender Approval and Recertification Division
Bradley attorneys have defended mortgagees from counterclaims and affirmative defenses in hundreds of cases. Our legal services extend to a range of hot-button issues regarding reverse mortgages, such as:
- Treatment of non-borrowing spouses
- Property charge and non-monetary defaults
- Assignability and enforceability of reverse mortgages
- Servicer obligation to comply with HUD regulations and guidance
Our legal team has represented clients at trial courts and on appeals in almost all U.S. jurisdictions, including reverse mortgage cases in Florida, New York, North Carolina, and Texas.
