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Reverse Mortgage Magazine, September-October 2017

In the last issue of Reverse Mortgage Magazine, inspired by the 30th anniversary of the HECM program, staff writer Mark Olshaker interviewed a dozen industry pioneers and current leaders on how our industry got to where we are and where we are headed.

For the September/October issue, Olshaker discussed the same topic with people outside the industry who have worked closely with us over the years—former HUD officials, journalists and academics. Among the interviewees was Jamie Hopkins of the American College of Financial Planning, who believes that a missing element in the national reverse mortgage conversation is an independent, third-party, non-biased research firm to help shape public policy. In other words, “a think tank focused on reverse mortgages,” wrote Editor Marty Bell in his introduction.

Download the full 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

 

Industry & Member News

HMBS September 2017: Slow Climb Up the Down Escalator

The HMBS market remained stuck – again – at $55 billion in September. HMBS Prepayments topped $1 billion, but was balanced by 114 new pools from 14 different issuers totaling over $879 million. September issuance divided into 49 original pools and 65 tail pools. No seasoned original new loan pools were issued. Production of original … more HMBS September 2017: Slow Climb Up the Down Escalator

Annual HECM Endorsement Chart

The following page shows annual HECM production from 1990 to the present by federal fiscal year and by calendar year from 2001 onward.

Key HECM Regulations and Resource Materials

The following section lists the primary regulations pertaining to the FHA’s Home Equity Conversion Mortgage Program, used by compliance, underwriting and servicing staff.

Solving America’s Long-Term Care Crisis

A blog post published this week by AARP’s Jean Accius, titled Hanging in the Balance: The High Cost of Long-Term Services and Supports, summarized a recent panel discussion sponsored by Genworth that addressed America’s looming long-term care crisis and what needs to be done to help millions of impacted families. “For many families, anxiety levels, confusion, … more Solving America’s Long-Term Care Crisis