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Industry & Member News

HECM Loan Limit Increased to $970,800 in 2022

The Federal Housing Administration will increase the maximum claim amount for Home Equity Conversion Mortgages in calendar year 2022 from $822,375 to $970,800 effective for case numbers assigned … more HECM Loan Limit Increased to $970,800 in 2022

FHA Updates Appraisal Guidelines to Reduce Racial Bias

The Federal Housing Administration published Mortgagee Letter (ML) 21-27 to reinforce the agency’s commitment to preventing racial bias in the valuation of single family properties.   The ML clarifies FHA’s … more FHA Updates Appraisal Guidelines to Reduce Racial Bias

FHA Annual Report: Economic Value of HECM Portfolio Improves By $4.3B

The Home Equity Conversion Mortgage portfolio saw a significant improvement in its net present value over the past year and is now positive for the first time since … more FHA Annual Report: Economic Value of HECM Portfolio Improves By $4.3B

Senate Testimony: Reverse Mortgages Can Help Improve Retirement Security

Reverse mortgages offer a potentially useful tool to convert illiquid housing wealth into money to live on during retirement, according to congressional testimony provided by Shai Akabas, Director … more Senate Testimony: Reverse Mortgages Can Help Improve Retirement Security

Reverse Mortgage Magazine, November/December 2021 Issue

Become a Certified Reverse Mortgage Professional

CRMP

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.

Learn more