Important New Resource from FHA:
HECM Financial Assessment Update – Pre-recorded Webinar, released 9/30/2016
This pre-recorded webinar is an update to the presentation on the Home Equity Conversion Mortgage (HECM) Financial Assessment that was broadcast on September 23, 2015. The content of the presentation has been revised to provide information on the HECM Financial Assessment based on requirements issued with Mortgagee Letter 2016-10.
FOR THE INDUSTRY
Reverse Mortgage Magazine, September-October 2016
The award-winning Reverse Mortgage magazine is the official publication of the National Reverse Mortgage Lenders Association.
Among the top stories in the September-October issue are
- High Rise Reverse Mortgages: What’s Up with Co-Ops and Condos?
- RMF: The Long and Winding Road
- Borrower Chronicles: It Was Mom’s Idea
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
October 25, 2016
Starting next year, Social Security beneficiaries will see a $5 increase in their monthly checks, the maximum salary taxed by Social Security will increase to $127,200 and persons between the ages of 62 to 65 who are still working can earn more money before they are penalized, according to Emily Brandon, senior retirement editor for … more Social Security Changes Coming
October 24, 2016
RMF has overtaken AAG as #1 HMBS issuer for the first nine months of 2016, issuing $1.519 billion of securities for a 22% market share, just $12 million more than AAG’s $1.507 billion and 21.8% market share. AAG had been the leading HMBS issuer since 2015Q2. RMF first issued HMBS in 2014Q1. Finance of America … more HMBS Issuer Rankings 2016Q3 – RMF Squeaks Past AAG to Capture the Crown
October 20, 2016
HMBS issuers created a record number 119 pools in September, this time driven by new HECM loans, not seasoned collateral or tail issuance of new balances from old loans. Production of original new loan pools increased to an impressive $623 million, up from $467 million in August. Issuance totaled approximately $836 million in September, the … more HMBS September 2016: Fall Harvest is Bumper Crop of New Collateral and Record Number of Pools
October 17, 2016
The insidious onset of Alzheimer’s disease or other dementia can sneak up on a client and affect their ability to exercise judgment about finances. To help your clients, you need to know the red flags of diminished capacity, a basic skill anyone can learn. You can get a free checklist to help do that at … more A New Tool for Recognizing Diminished Capacity