NRMLA is presenting a series of complimentary webinars on the Hot Button Issues, those subjects that most frequently rear their ugly heads and hurt us all.

Report from the front lines; The Challenge of Selling in California; Analyzing California's Reverse Mortgage Laws; The Next Cornucopia: Condos; Just Say No: Deals to Walk Away From

Following is a more detailed analysis of the monthly HECM data published by HUD prepared by Reverse Market Insight.

NRMLA update on timing of budget proposal.

For the reverse mortgage business, the highlights of HUD’s proposed budget for fiscal year 2011 includes a subsidy of $250 million for the MMI/HECM fund, an increase in the ongoing annual Mortgage Insurance Premium (MIP) from .5% to 1.25% and a low-to-mid single digit cut in the principal loan limit with the higher end affecting older borrowers.

Following is a Q&A developed by NRMLA covering some of the most important rules and regulations that pertain to counseling.

Below is a summary prepared by NRMLA's legal counsel James Milano of Weiner, Brodsky, Sidman, Kider, P.C., detailing several important legal changes that will become effective either on January 1, 2010 or early in 2010.

On Wednesday, December 30, NRMLA submitted comments to HUD in response to the Proposed Rule eliminating FHA approval of correspondents, increasing net worth requirements for lenders and shifting responsibility for overseeing brokers to lenders.

FHA insured 7,629 reverse mortgages in January (32,418 overall for FY 2010), compared with 9,858 loans endorsed a year ago (37,511 total).

While some reverse mortgage loan originators attract new clients through their web site, referral sources or advertising, many others purchase "leads" from third-party vendors.

FHA Commissioner David Stevens explains his top priorities and responds to concerns over the proposed rule change to eliminate FHA-approval of loan correspondents and raise lender net worth requirements and forthcoming changes to RESPA.

Between now and the end of the year, NRMLA will be submitting comments to the Federal Reserve Board in response to some very important proposed regulatory changes.

The Federal Financial Institutions Examination Council released proposed guidance today on reverse mortgage products.

NRMLA presents the 2009 edition of Reverse Mortgage magazine, the reverse mortgage industry's official news source.

The U.S. Department of Housing and Urban Development published Mortgagee Letters 2009-46a and 2009-46b, which further clarify the process lenders must use to approve new condominium projects.

The Department of Housing and Urban Development published a proposed rule today that increases capital requirements for lenders and dramatically alters the process by which brokers are approved to originate Federal Housing Administration insured loans.

To better understand the current lending environment that we're operating in, it's important that members have access to the various speeches, reports and articles dealing with reverse mortgages that have been published recently.