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Reverse Mortgage Magazine, May-June 2016

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Reverse Mortgage magazine is the official publication of the National Reverse Mortgage Lenders Association.

Among the top stories in the May-June issue are Talking to a New HECM AudienceHMBS Update: Ginnie Mae Promises Big Changes; and New Research: Equity Extraction MotivationsDownload 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

More Older Americans are Working

New data analysis from the Pew Research Center shows that nearly 9 million adults aged 65 and older are still in the workforce either full or part-time. That’s almost 19% of the age group, while in May of 2000, only 4 million workers aged 65+, or 12.8% of the age group, held full or part-time … more More Older Americans are Working

HUD Awards $11.84 Million in Housing Counseling Grants to Intermediaries

HUD awarded more than $42 million in housing counseling grants to hundreds of national, regional and local organizations on Tuesday to help families and individuals with their housing needs and to prevent future foreclosures. HUD’s housing counseling grants and the additional funding they leverage will assist more than 1.4 million households find housing, make more … more HUD Awards $11.84 Million in Housing Counseling Grants to Intermediaries

Senior Home Equity Exceeds $6 Trillion in First Quarter

U.S. homeowners aged 62 and older are holding more than $6 trillion in equity, an increase of $164.9 billion in home equity from the last quarter of 2015. The NRMLA/RiskSpan Reverse Mortgage Market Index (RMMI) reached an all-time high of 209.12 in Q1 2016, up from 203.37 in Q4 2015.  The gains were largely driven … more Senior Home Equity Exceeds $6 Trillion in First Quarter

NRMLA Urges Passage of NY Co-Op BillMembers Only

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