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Industry & Member News

Survey: 31 Percent of Workers Do Not Have Access to Workplace Retirement Savings Plans

Having enough money saved for retirement is one of the biggest financial challenges Americans face. With the central role that 401(k)-type plans have come to play, those who … more Survey: 31 Percent of Workers Do Not Have Access to Workplace Retirement Savings Plans

Member Spotlight: Sue Pomfret, CrossCountry Mortgage

Sue Pomfret has spent over 30 years in the mortgage business and was one of the first people in Rhode Island to originate a HECM in 1989 during … more Member Spotlight: Sue Pomfret, CrossCountry Mortgage

FHA Updates SF Handbook 4000.1

This week, the Federal Housing Administration updated its Single Family Housing Policy Handbook 4000.1 with new policy guidance, clarifications, corrections and changes to SF Handbook Section I (Doing Business with … more FHA Updates SF Handbook 4000.1

HMBS June 2019 Part II: HMBS Float Resumes Shrinkage

Outstanding HMBS fell by nearly $200 million in June, as low issuance, high payoffs, and an absence of highly seasoned issues took their toll. Payoffs once again totaled … more HMBS June 2019 Part II: HMBS Float Resumes Shrinkage

Reverse Mortgage Magazine, July-August 2019 Issue

Today, more than 30 million families own condominiums. In many of the major metropolitan areas, it is the dominant housing option. While it can be difficult, if not impossible, to get a HECM on a condo if the property isn’t already FHA approved, the burgeoning market for proprietary reverse mortgages creates new opportunities.

Reverse mortgages, whether HECM or proprietary, represents a fraction of the equity release marketplace which staff writer Mark Olshaker explores in his article, “Equity Release Alternatives: Are they competition for reverse mortgages or complementary?” And finally, attorney Sandy Shatz of McGlinchey Stafford, provides valuable guidance for members on complying with California’s Consumer Privacy Act – the most comprehensive consumer privacy law ever enacted at the state level – which takes effect on January 1, 2020.

Download the 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