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Reverse Mortgage Magazine, January-February 2018 Issue

The January-February issue of NRMLA’s awarding-winning Reverse Mortgage magazine, appropriately the first of a new year, is devoted to some of the best ideas, approaches and strategies presented at the 2017 Annual Meeting & Expo in San Francisco.

“Obstacles and setbacks are not holding us back,” wrote Editor Marty Bell in his introduction. “They are pushing us forward. They are inspiring creative thinking. You can’t sell a product that used to exist. You have to sell what now exists.”

Contributing writer Mike McCully of New View Advisors explains how the latest regulatory changes will improve the product and encourage investors, staff writer Mark Olshaker summarizes views expressed by NRMLA’s executive leadership for building future success, Bell writes about attorney Barry Sacks’ latest research on an active retirement funding strategy that utilizes home equity to reduce the risk of portfolio exhaustion, and Associate Editor Darryl Hicks interviews Barbara Kingsley on the art of communicating complex financial concepts in plain language.

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

CFPB Releases Strategic Plan

The Consumer Financial Protection Bureau this week released a five-year blueprint that establishes its mission, strategic goals and strategic objectives. The Bureau’s strategic plan includes three strategic goals: Ensure that all consumers have access to markets for consumer financial products and services. Implement and enforce the law consistently to ensure that markets for consumer financial … more CFPB Releases Strategic Plan

Administration’s FY19 Budget Praises HECM

President Trump released a Fiscal Year 2019 budget on Tuesday that expressed support for HECM and the role it plays improving seniors’ lives, highlighted recent changes that strengthened the program, and hinted that further refinements may be forthcoming. The president’s proposed budget is largely ceremonial – just last week Congress approved a spending plan that … more Administration’s FY19 Budget Praises HECM

Fed: Households Age 55+ Hold Two-Thirds of U.S. Home Equity

In his latest “Eye on Housing” blog, National Association of Home Builders Senior Economist Paul Emrath cited statistics from the Federal Reserve’s latest Survey of Consumer Finances (SCF) which shows that households age 55 or older earn about half of all household income in the U.S., but hold over two-thirds of the residential equity and … more Fed: Households Age 55+ Hold Two-Thirds of U.S. Home Equity

Prudential: Half of Retirees Left Workforce Earlier Than Expected

A new retirement preparedness study from Prudential, titled Planning Your Retirement? Expect the Unexpected, concluded that 51 percent of retirees left the workforce earlier than planned. While early retirement may seem like welcome news, only 23 percent said they did so because they either had enough money to retire, wanted to retire, or were tired … more Prudential: Half of Retirees Left Workforce Earlier Than Expected