Well, let's see where the idea of reversing the Midas touch with water comes from. It looks like Rick Riordan took this from the retelling of the Midas story in A Wonder Book for Boys and Girls by Nathaniel Hawthorne, which is the first reference that the Internet is giving me for the idea of water reversing it:
"It is hateful to me!" replied Midas.
A fly settled on his nose, but immediately fell to the floor; for it, too, had become gold. Midas shuddered.
"Go, then," said the stranger, "and plunge into the river that glides past the bottom of your garden. Take likewise a vase of the same water, and sprinkle it over any object that you may desire to change back again from gold into its former substance. If you do this in earnestness and sincerity, it may possibly repair the mischief which your avarice has occasioned."
-Project Gutenburg
...and that's really the first I can find about it. The myth has become more popular, and I assume Rick Riordan heard it in this form, and so he adopted that for The Lost Hero.
The Norse dwarves turning into stone seems to originate from the work Alvíssmál, from The Poetic Edda. From an online translation:
Thor spake:
"In a single breast
I never have seen
More wealth of wisdom old;
But with treacherous wiles
Must I now betray thee:
The day has caught thee, dwarf!
(Now the sun shines here in the hall.)"
Edited slightly by me.
I really can't find anything about reversing this or anything. (And apparently I'm not the only one who has trouble with finding details about these stories.)
So with a lack of anything that may indicate anything else... I'm going to have to assume that Uncle Rick is trying to keep the rules of magic and stuff as similar as possible across the different mythologies; like, we see the similarity of a magician using too much power and a demigod using too much power in The Staff of Serapis. Also, the way that monsters in the Greek and Egyptian stories die - they both explode into yellow sand.
"Poor things," the cat woman purred. "Let me help."
Her knives flashed, and the two monsters' heads thudded to the floor at her feet. Their bodies collapsed and dissolved into enormous piles of sand.
The Kane Chronicles, book 1: The Red Pyramid, chapter 8: "Muffin Plays With Knives"
The bull-man roared in agony. He flailed, clawing at his chest, then began to disintegrate—not like my mother, in a flash of golden light, but like crumbling sand, blown away in chunks by the wind, the same way Mrs. Dodds had burst apart.
Percy Jackson & the Olympians, book 1: The Lightning Thief, chapter 4: "My Mother Teaches Me Bullfighting"
He's trying to keep things as similar as possible while at the same time keeping (mostly) true to the mythology (or at least the popular versions of the myths today, such as with Midas).