HECM Counseling
MEMBER ALERT: FTC Communication on False and Misleading Claims
June 10, 2009
The FTC today issued a Business Alert, “Housing Counselors: How To Help People Avoid Reverse Mortgage Missteps."
A Comprehensive Guide to HECM Counseling
April 17, 2009
Following is a Q&A developed by NRMLA covering some of the most important rules and regulations that pertain to counseling.
HUD Reminder-Ordering of Counseling
November 6, 2008
HUD distributed the following email thru its counseling network.
Member Alert: HECM Borrower Paid Counseling
September 5, 2008
We want to alert members that FHA plans to issue guidance to the counseling agencies regarding client payment for counseling.
Member Alert: Best Practices For FHA Borrower Paid Counseling Scenarios
June 3, 2008
This NRMLA Member Alert describes a "Best Practice" that NRMLA recommends Members consider adopting in this area, as a way to increase uniformity and efficiency in the administration of the borrower paid billing process for the benefit of all industry stakeholders and, especially, the seniors we all serve.
HUD Updates Counseling Certificate
May 27, 2008
HUD announced May 23 that it had revised the HECM Counseling Certificate to conform with Mortgagee Letter 2008-12, which permits borrower-paid counseling.
Member Alert: HUD Permits Borrower-Paid Counseling
May 9, 2008
Today, HUD published Mortgagee Letter 2008-12 to permit counseling agencies to charge seniors a fee for counseling services.
Member Alert: HECM Counseling Concerns
February 26, 2008
Member Alert: HUD has confirmed to us that they have instructed counseling organizations that it is absolutely impermissible to ask clients calling to schedule counseling sessions if they have a “lender ID number” and telling them they will have to wait several weeks for the counseling if they do not.
Borrower and Lender Paid Counseling
October 22, 2007
NRMLA members may be receiving communications from organizations that are attempting to implement the final FHA rules on borrower paid and lender paid counseling.
New HUD Final Rule on Counseling
October 9, 2007
On September 28, HUD issued a Final Rule (see rule below) prescribing procedures and requirements for its Housing Counseling program.
NRMLA Submits Comments on Counseling Proposed Rule
March 27, 2007
NRMLA submitted comments earlier this month in response to a proposed rule published by FHA to create a counselor roster, thru which FHA will mandate standards and institute quality control procedures to be followed by all HECM counselors.
Expert Panel Agrees that Quality of HECM Counseling Has Improved
January 12, 2007
While there's still room for improvement, the overall quality of reverse mortgage counseling has improved dramatically since the nationwide telephone counseling network was created last fall, according to a panel of experts who addressed NRMLA's Annual Meeting & Expo.
HUD Updates Who Should Receive Counseling
October 3, 2006
The U.S. Department of Housing and Urban Development published Mortgagee Letter 2006-25 to clarify who must receive HECM counseling, and what activities a HECM lender may perform
prior to a prospective HECM borrower receiving HECM counseling.
How to Become a HUD-Approved Counseling Agency
October 26, 2005
NRMLA's legal counsel Weiner Brodsky Sidman Kider, PC, produced the following memo which provides excellent background information on the steps involved to become a HUD-approved counseling agency.
All materials copyrighted © 2008 National Reverse Mortgage Lenders Association.