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Reverse Mortgage Magazine, November-December 2017

 

This year’s Annual Meeting issue is devoted to women in retirement. If women talk to each other differently than they talk to men or than we talk to each other, what does that mean for explaining reverse mortgages? Our product is, after all, an intimate one: it can require a discussion of personal finances, expectations, hopes, fears, needs. This is not like buying tonight’s dinner or a new cell phone. We thought it might be of value to our industry to look at borrowing from the point of view of women who, by choice or by events, are forced to make the decisions alone. What are their needs? What do they need to hear? Who will they turn to for advice? And how is this process different from lending to a man alone or a couple?

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

NRMLA Honors Four For Industry Contributions

From left to right: Jim Milano of Weiner Brodsky Kider; Elly Johnson of United Northern Mortgage Bankers Ltd; Dan Hultquist of ReverseVision; and Jim Cory of Live Well Financial, were each presented with NRMLA’s Distinguished Service Award during the 2017 Annual Meeting & Expo this week in San Francisco.   Jim Milano, whose firm serves … more NRMLA Honors Four For Industry Contributions

Personal Financial Columnist Gets Personal

A new video testimonial was added to NRMLA’s consumer site, ReverseMortgage.org, featuring syndicated financial columnist Terry Savage. Members who attended the NRMLA’s Annual Business Meeting, held in conjunction with the Annual Meeting & Expo in San Francisco, got a sneak peak of the video. Savage, author of several best-selling books including the Savage Truth on Money, … more Personal Financial Columnist Gets Personal

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.

October 2017: HMBS Market Sees a Ghost

In a month where HECM lenders were haunted by the specter of lower Principal Limit Factors, the HMBS market froze with fright – again – at $55 billion in September. HMBS Prepayments topped $1 billion, the third highest monthly payoff ever. However, a record 15 issuers whistled past the graveyard with 107 new pools totaling … more October 2017: HMBS Market Sees a Ghost