Reverse Mortgage Magazine, March-April 2017
The award-winning Reverse Mortgage magazine is the official publication of the National Reverse Mortgage Lenders Association.
In this issue, we attempt to shed just a little bit of light on how the governmental transition may impact our industry.
As part of our cover story, Marty Bell studied the life of the new HUD Secretary, Dr. Ben Carson, and how the experiences and philosophies that made him a hero in other fields may cross over into housing policy. And NRMLA’s outside counsel Jim Milano provided a snapshot of the new HECM final rule by breaking down what the rule does and does not cover, and what the future looks like.
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.
Industry & Member News
April 21, 2017
When nearly half of all Americans don’t participate in a retirement plan, and many Americans who do have 401(k)s have depleted their savings because of emergencies, now is the time to take a fresh look at new strategies for improving access to America’s retirement system, according to Michael Molinski, a New York-based economist. Molinski contributed … more Fixing America’s Broken Retirement System
April 21, 2017
Within seven days of each other, three major online media outlets – with a combined potential audience of 113 million readers – ran retirement planning articles that cite the positive impact that a reverse mortgage can have on an overall financial plan. The articles from CBS MoneyWatch, CNBC.com, and MarketWatch contribute to a 30-day average … more CBS News, CNBC, MarketWatch Highlight Benefits of Reverse Mortgages
April 19, 2017
HREMIC issuance for 2017Q1 was $2.91 billion, surpassing 2016’s first quarter issuance total of $2.84 billion, and on pace to set a third consecutive annual record. First quarter volume was just $89 million shy of the record quarterly issuance of $3.0 billion set in 2015Q4. There were 8 transactions underwritten by three sponsors, Nomura, Bank … more HREMIC Issuance First Quarter 2017: Record Pace Continues
April 18, 2017
AAG returned as the #1 HMBS Issuer for the first quarter of 2017, issuing $538.6 million of securities for a 23.3% market share, well ahead of Finance of America Reverse’s $388.5 million and 16.8% market share. Reverse Mortgage Funding slipped to third for the quarter with $364.4 million issued and 15.8% market share. Ocwen Loan … more HMBS Issuer Rankings 2017Q1 – AAG Back as Number 1