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FHA Announces Appraisal Policy Updates
March 27, 2020
The Federal Housing Administration published Mortgagee Letter 2020-05, which permits FHA roster appraisers to use exterior-only or desktop-only appraisal inspections as a substitute for interior inspections for HECM for … more FHA Announces Appraisal Policy Updates
Senate Passes $2 Trillion COVID-19 Relief Bill
March 26, 2020
By Jim MIlano, Weiner Brodsky Kider Late in the evening on March 25, 2020, the U.S. Senate passed H.R. 748, known as the Coronavirus Aid, Relief, and Economic … more Senate Passes $2 Trillion COVID-19 Relief Bill
FHA Suspends Foreclosures and Evictions For 60 Days
March 20, 2020
The Federal Housing Administration declared an immediate foreclosure and eviction moratorium for all FHA-insured single family mortgages, including HECMs, for a 60-day period. Details were provided in Mortgagee … more FHA Suspends Foreclosures and Evictions For 60 Days
FHA Publishes COVID-19 Q&A For Lenders and Servicers
March 20, 2020
The Federal Housing Administration’s Office of Single Family Housing (OSFH) has developed and is maintaining a Q&A document to provide stakeholders with the latest information about FHA’s response … more FHA Publishes COVID-19 Q&A For Lenders and Servicers
Reverse Mortgage Magazine, March-April 2020 Issue
Salespeople always look for an edge, and sometimes that means learning about a topic that might seem foreign, at least at first. In the March-April edition of Reverse Mortgage magazine, we asked reverse mortgage lenders how they have tapped financial advisers as a source of clients. That effort has meant that they needed to better understand how advisers operate and what their customers need. It also has required loan originators to become teachers and showing reluctant planners how reverse mortgages can help clients create a sound financial future. If that education is lacking, opportunities will be missed.
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.