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HUD Extends Foreclosure Relief to Maui Victims
May 10, 2024
The Federal Housing Administration extended its foreclosure moratorium for borrowers with FHA-insured mortgages in Maui County, HI, through August 4, 2024. The bottom line: With this extension, FHA … more HUD Extends Foreclosure Relief to Maui Victims
Reverse Borrowers to Benefit from FL Tax Law Change
May 10, 2024
Florida Governor Ron DeSantis signed legislation (House Bill 7073) that amends existing law by basing the state’s documentary stamp tax on the principal limit of a reverse mortgage … more Reverse Borrowers to Benefit from FL Tax Law Change
FHA Disallows Lender-Paid IPCs in H4P Transactions
May 6, 2024
The Federal Housing Administration announced that it will not allow mortgagees and third-party originators (TPO) to make Interested Party Contributions in HECM for Purchase transactions, nor will it … more FHA Disallows Lender-Paid IPCs in H4P Transactions
Face-to-Face Counseling Made Permanent in MA
May 6, 2024
Massachusetts Governor Maura Healy signed a Supplemental Budget Bill this week that includes provisions to authorize reverse mortgage counseling via synchronous real-time video conference or telephone on a … more Face-to-Face Counseling Made Permanent in MA
Reverse Mortgage Magazine, May-June 2024 Issue
Become a Certified Reverse Mortgage Professional
One of our goals as an industry trade association is telling consumers with confidence, you can depend on a NRMLA member. Saying it is one thing; proving it is another. That is why NRMLA created the Certified Reverse Mortgage Professional (CRMP) designation.
In every industry, there are those individuals who strive to excel. They often do so by earning a credential that distinguishes them as being among the most knowledgeable, the most competent, and the most ethical and professional.