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Harvard: Over Half of U.S. Households Now Headed by Someone 50+
November 16, 2018
More than half of American households are now headed by someone 50 or over and the living arrangements, financial resources, health, and functional abilities of those households will … more Harvard: Over Half of U.S. Households Now Headed by Someone 50+
NRMLA Board Member Discusses HECM With Housing Secretary Carson
November 16, 2018
Longtime NRMLA board member and Executive Committee Chairman Joe DeMarkey of Reverse Mortgage Funding LLC attended a recent “Stakeholder HUDdle” with senior officials from the Department of Housing … more NRMLA Board Member Discusses HECM With Housing Secretary Carson
MMI Fund Improving, but HECM Needs Further Attention
November 16, 2018
While changes made to the Home Equity Conversion Mortgage program in October 2017 are beginning to positively impact program performance, the Federal Housing Administration reported today in the … more MMI Fund Improving, but HECM Needs Further Attention
FHA Automates User ID Assignment Process for Mortgagees and Roster Appraisers
November 14, 2018
The Federal Housing Administration issued FHA Info #18-44 announcing that the FHA Connection system will automate its Application Coordinator User Identification (ID) assignment process beginning on November 9, … more FHA Automates User ID Assignment Process for Mortgagees and Roster Appraisers
Reverse Mortgage Magazine, November-December 2018 Issue
On almost every continent, countries are looking to home equity extraction methodologies to help fund aging and retirement, each with their own quirks. In our cover story for the November-December issue of Reverse Mortgage magazine, we sent staff writer Mark Olshaker on a virtual world tour to search for the best ideas from abroad.
Like all policy changes, the new appraisal rules implemented by the FHA for the FY 2019 budget have triggered a good deal of industry chit-chat. But now we have to go out and explain the possibility of a second appraisal to potential borrowers. How are we going to do that? For advice, we turned to Dan Hultquist of Live Well Financial, a CRMP and the author of Understanding Reverse Mortgages.
And finally, we introduce you to Eddie Seiler, PhD, Fulbright scholar, former director of Economics at Fannie Mae, and now the vice president, Research and Economic Analysis at Dworbell, Inc., the umbrella association management company for NRMLA, who analyses the growing dependence on debt by older adults of varying ages and wealth.
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.