Reverse Mortgage Magazine, January-February 2018 Issue
The January-February issue of NRMLA’s awarding-winning Reverse Mortgage magazine, appropriately the first of a new year, is devoted to some of the best ideas, approaches and strategies presented at the 2017 Annual Meeting & Expo in San Francisco.
“Obstacles and setbacks are not holding us back,” wrote Editor Marty Bell in his introduction. “They are pushing us forward. They are inspiring creative thinking. You can’t sell a product that used to exist. You have to sell what now exists.”
Contributing writer Mike McCully of New View Advisors explains how the latest regulatory changes will improve the product and encourage investors, staff writer Mark Olshaker summarizes views expressed by NRMLA’s executive leadership for building future success, Bell writes about attorney Barry Sacks’ latest research on an active retirement funding strategy that utilizes home equity to reduce the risk of portfolio exhaustion, and Associate Editor Darryl Hicks interviews Barbara Kingsley on the art of communicating complex financial concepts in plain language.
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
January 15, 2018
The HMBS market closed out 2017 with a strong month of new issuance but remains range bound in total size. Total HMBS float has been stuck between $54 billion and $56 billion for nearly two years, though this may change in 2018 as the new Principal Limit Factors (“PLFs”) start to reduce origination volume. In … more HMBS December 2017: It Is Better to Give New Issuance than to Receive Payoffs
January 12, 2018
The percentage of working-age U.S. households who are “at risk” of being unable to maintain their pre-retirement standard of living in retirement fell from 52 percent to 50 percent between 2013 and 2016, according to the latest National Retirement Risk Index (NRRI) published by Boston College’s Center for Retirement Research. “The bottom line is that … more Retirement Risk Index Shows Modest Improvement
January 11, 2018
Public policy experts debated proposals to strengthen FHA for the future needs of U.S. housing at an event hosted by the Urban Institute in Washington, DC, on Tuesday. Carol Galante, an FHA Commissioner during the Obama Administration, presented strategies to sustain the government’s support of underserved populations while also continuing to serve a broad spectrum … more Former FHA Commissioner Recommends Separating HECM From MMI Fund
January 5, 2018
In one of its final acts of 2017, the Federal Housing Administration published FHA Connection (FHAC) Release Notes that updated and clarified its formula for calculating the initial mortgage insurance premium for refinanced Home Equity Conversion Mortgages. The announcement was made via FHA Info #17-59, published on Friday, December 29, and posted to the HECM Lenders … more FHA Clarifies Upfront MIP Formula For HECM Refinances