Reverse Mortgage Magazine, May-June 2017
In the cover story for the May/June issue of NRMLA’s award-winning Reverse Mortgage Magazine, staff writer Mark Olshaker interviews the children of reverse mortgage borrowers about their relationships with their parents and their roles in the origination process.
Most months in these pages we tell the stories of reverse mortgage borrowers and how the financial product impacted their lives. But this month we set out to talk with adult children who helped their parents secure a reverse mortgage: What went into the decision? And how did it affect the lives of both generations, and what they wanted from each other?
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
Misguided Thinking About Retirement
June 23, 2017
In his latest column for CBS MarketWatch, retirement expert Steve Vernon highlighted a recent survey of workers in 26 countries by Natixis Global Asset Management in which nearly half of the respondents said receiving an inheritance will be part of their retirement plan. And more than three-fourths said they were counting on family support to help fund … more Misguided Thinking About Retirement
Older Homeowners To Account For 1 Out Of 3 Households By 2035
June 23, 2017
Thanks to advances in health and longevity, 50 million households—one out of every three—will be headed by older adults by 2035, including 16 million households headed by those over age 80, according to the annual State of the Nation’s Housing report published by Harvard’s Joint Center for Housing Studies. “The magnitude of growth in older … more Older Homeowners To Account For 1 Out Of 3 Households By 2035
Rising Home Values Boost Senior Home Equity to $6.3 Trillion in Q1 2017
June 23, 2017
Housing Wealth for Homeowners 62 and Older Grew 3.1% in First Quarter WASHINGTON (June 22, 2017) – The National Reverse Mortgage Lenders Association reports today that homeowners age 62 and older saw their home equity increase by a combined 3.1 percent to $6.3 trillion in the first quarter of 2017 from $6.13 trillion in Q4 … more Rising Home Values Boost Senior Home Equity to $6.3 Trillion in Q1 2017
Resolving Common Challenges When Using the Electronic Appraisal Delivery Portal
June 22, 2017
FHA Info #17-27 was published this week as a reminder to mortgagees and appraisers that they must have and maintain a valid user ID for FHA Connection (FHAC) to access the Electronic Appraisal Delivery portal. Individuals who have not signed on to FHAC for 90 days lose their user ID and must be reinstated by … more Resolving Common Challenges When Using the Electronic Appraisal Delivery Portal