Industry & Member News
August 19, 2019
Total household debt increased by $192 billion (1.4 percent) to $13.86 trillion in the second quarter of 2019, according to the Federal Reserve Bank of New York’s latest … more Household Debt Increases 20 Consecutive Quarters
August 16, 2019
For many years, Becky Koontz, CRMP, was a certified pedorthist who provided specialized footwear and supportive devices to help people cope with conditions that affect the feet and … more Member Spotlight: Becky Koontz, CRMP, Better Home Loan LLC
August 16, 2019
New condominium approval rules announced this week by the Department of Housing and Urban Development will make it easier for senior citizens to qualify for Home Equity Conversion … more FHA Brings Back Single-Unit Approvals In New Condo Rule
August 12, 2019
A new study from the Transamerica Center for Retirement Studies® (TCRS) – titled Self-Employed: Defying and Redefining Retirement – found that only 26 percent of self-employed workers are … more New Research Examines Self-Employed Workers’ Attitudes on Retirement
Reverse Mortgage Magazine, July-August 2019 Issue
Today, more than 30 million families own condominiums. In many of the major metropolitan areas, it is the dominant housing option. While it can be difficult, if not impossible, to get a HECM on a condo if the property isn’t already FHA approved, the burgeoning market for proprietary reverse mortgages creates new opportunities.
Reverse mortgages, whether HECM or proprietary, represents a fraction of the equity release marketplace which staff writer Mark Olshaker explores in his article, “Equity Release Alternatives: Are they competition for reverse mortgages or complementary?” And finally, attorney Sandy Shatz of McGlinchey Stafford, provides valuable guidance for members on complying with California’s Consumer Privacy Act – the most comprehensive consumer privacy law ever enacted at the state level – which takes effect on January 1, 2020.
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.