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Breaking News: FHA Increases HECM Lending Limit to $726,525
December 14, 2018
Beginning January 1, 2019 through December 31, 2019, the national lending limit for Home Equity Conversion Mortgages will increase to $726,525 from $679,650. Details were just announced in … more Breaking News: FHA Increases HECM Lending Limit to $726,525
BCFP Publishes Report On Financial Well-Being of Older Adults
December 14, 2018
The Bureau of Consumer Financial Protection today released a new report, Financial Well-being of Older Americans, that provides detailed information on the financial well-being scores by individual characteristics and issues … more BCFP Publishes Report On Financial Well-Being of Older Adults
Important Message for HMDA Reporters
December 14, 2018
The Bureau of Consumer Financial Protection has asked NRMLA to remind our members who submit Home Mortgage Disclosure Act (HMDA) data that they must obtain a Legal Entity … more Important Message for HMDA Reporters
Annual HECM Endorsement Chart
December 13, 2018
The following page shows annual HECM production from 1990 to the present by federal fiscal year and by calendar year from 2001 onward.
Reverse Mortgage Magazine, November-December 2018 Issue
On almost every continent, countries are looking to home equity extraction methodologies to help fund aging and retirement, each with their own quirks. In our cover story for the November-December issue of Reverse Mortgage magazine, we sent staff writer Mark Olshaker on a virtual world tour to search for the best ideas from abroad.
Like all policy changes, the new appraisal rules implemented by the FHA for the FY 2019 budget have triggered a good deal of industry chit-chat. But now we have to go out and explain the possibility of a second appraisal to potential borrowers. How are we going to do that? For advice, we turned to Dan Hultquist of Live Well Financial, a CRMP and the author of Understanding Reverse Mortgages.
And finally, we introduce you to Eddie Seiler, PhD, Fulbright scholar, former director of Economics at Fannie Mae, and now the vice president, Research and Economic Analysis at Dworbell, Inc., the umbrella association management company for NRMLA, who analyses the growing dependence on debt by older adults of varying ages and wealth.
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.