A&B ABstract: Effective March 5, 2020, New York Assembly Bill 5626 (“AB 5626”) regulates the origination and servicing of the federal U.S. Department of Housing and Urban Development (“HUD”) home equity conversion mortgages (“HECMs”). Significant Impact to Mortgage Lenders and Servicers With the stated purpose of providing “new regulations on reverse mortgage products pertaining to […]