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Reverse Mortgage Magazine, January-February 2017

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The award-winning Reverse Mortgage magazine is the official publication of the National Reverse Mortgage Lenders Association.

The January-February edition is a devoted to the Better Borrower Experience Initiative.

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 Publishes Op-Ed Explaining Reverse Mortgage Foreclosures

In advance of today’s confirmation hearing for Treasury Secretary nominee Steven Mnuchin, The Hill newspaper, a publication widely read by policy makers and their aides, published an opinion piece by NRMLA President & CEO Peter Bell, titled “The Real Story on Trump’s Treasury Pick and Reverse Mortgages.” Bell’s column explained how reverse mortgage foreclosures are … more NRMLA Publishes Op-Ed Explaining Reverse Mortgage Foreclosures

HUD Consolidates, Clarifies Assignment Policies

The Federal Housing Administration this week consolidated existing policies used by servicers when submitting HECM assignment requests through the Home Equity Reverse Mortgage Information Technology (HERMIT) system. Reverse mortgage servicers have the option to assign loans to FHA as a Claim Type 22 when the loan balance reaches 98 percent of the maximum claim amount. … more HUD Consolidates, Clarifies Assignment Policies

Mnuchin’s OneWest Tenure Questioned During Confirmation Hearing

At his five-hour long confirmation hearing today, Treasury Secretary nominee Steven Mnuchin took questions about his positions on monetary policy, tax reform, foreign investment and economic sanctions, housing finance and the future of the Government Sponsored Enterprises, and on his personal and professional dealings with various companies including OneWest Bank. Mnuchin was asked repeatedly about … more Mnuchin’s OneWest Tenure Questioned During Confirmation Hearing

HUD Publishes HECM Final Rule, but Defers on Rate Cap and H4P Proposals

The Department of Housing and Urban Development published FHA’s final HECM rule today formally adopting policy changes previously implemented by mortgagee letter and also making additional regulatory changes. Among the existing policies codified in the rule are: performing financial assessments, deferring due and payable status for eligible non-borrowing spouses and limiting loan disbursements during the first … more HUD Publishes HECM Final Rule, but Defers on Rate Cap and H4P Proposals