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Reverse Mortgage Magazine, September-October 2017

In the last issue of Reverse Mortgage Magazine, inspired by the 30th anniversary of the HECM program, staff writer Mark Olshaker interviewed a dozen industry pioneers and current leaders on how our industry got to where we are and where we are headed.

For the September/October issue, Olshaker discussed the same topic with people outside the industry who have worked closely with us over the years—former HUD officials, journalists and academics. Among the interviewees was Jamie Hopkins of the American College of Financial Planning, who believes that a missing element in the national reverse mortgage conversation is an independent, third-party, non-biased research firm to help shape public policy. In other words, “a think tank focused on reverse mortgages,” wrote Editor Marty Bell in his introduction.

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

October 2017: HMBS Market Sees a Ghost

In a month where HECM lenders were haunted by the specter of lower Principal Limit Factors, the HMBS market froze with fright – again – at $55 billion in September. HMBS Prepayments topped $1 billion, the third highest monthly payoff ever. However, a record 15 issuers whistled past the graveyard with 107 new pools totaling … more October 2017: HMBS Market Sees a Ghost

HMDA 2018 Data Point Combined AnalysisMembers Only

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Using a Reverse Mortgage to Buy a Home: A Toolkit for Real Estate Agents

This free toolkit for real estate agents from the National Reverse Mortgage Lenders Association explains how senior homebuyers can use a reverse mortgage to finance the purchase of a new home with the Home Equity Conversion Mortgage for Purchase program. The toolkit describes the benefit of using HECM for Purchase and outlines the HECM for Purchase … more Using a Reverse Mortgage to Buy a Home: A Toolkit for Real Estate Agents

California Foreclosure Relief Program Ending

Keep Your Home California, which has provided relief to 700 reverse mortgage borrowers facing foreclosure, will end its Reverse Mortgage Assistance Pilot Program at the end of the month, but will continue accepting applications until 6 p.m. on Thursday, November 301, 2017. The organization said the $10 million in federal “Hardest Hit” funds allocated for … more California Foreclosure Relief Program Ending