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Gormley Named New DAS of Single Family Housing
January 24, 2020
Joseph M. Gormley, who most recently served as chief of staff to FHA Commissioner Brian Montgomery, was named as the new Deputy Assistant Secretary for the Office of … more Gormley Named New DAS of Single Family Housing
FHA Issues Policy Reminder On Presidentially-Declared Major Disaster Areas
January 23, 2020
In response to the recent earthquakes in Puerto Rico, the Federal Housing Administration published FHA Info #20-05 as a reminder to mortgagees about its guidance for originating and/or … more FHA Issues Policy Reminder On Presidentially-Declared Major Disaster Areas
Key HECM Regulations and Resource Materials
January 21, 2020
The following section lists the primary regulations pertaining to the FHA’s Home Equity Conversion Mortgage Program, used by compliance, underwriting and servicing staff.
Reverse Mortgage Magazine, January/February 2020 Issue
Preparations for the January/February issue of Reverse Mortgage Magazine began in the fall, at NRMLA’s Annual Meeting & Expo, as we listened to the experts who were pointing to a future where proprietary reverse mortgages would continue to garner increasing market share. Michael McCully, a partner with Naples, FL-based New View Advisors, told staff writer Joel Berg that the next 12 to 18 months could see proprietary products making up more than 50 percent of the reverse mortgage market.
“This is what should be happening, and I think HUD welcomes it. The market seems to be embracing it, too, and the culture of the industry is going to be staked to moving away from the HUD program,” McCully says. “The proprietary product is competitive not in every scenario but in many scenarios. That’s all positive news for the growth of the non-agency market.”
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.