Reverse Mortgage Magazine, March-April 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
May 12, 2017
Bob “The Property Man” Massi devoted a portion of last Friday’s show on Fox Business to the HECM for Purchase program. Working with long-time NRMLA member and recent Ethics Committee appointee Josh Shein of Home Point Financial Corporation, Massi interviewed two happy couples who downsized using H4P, while Shein explained how it works. One of … more “Property Man” Bob Massi Tackles H4P
May 12, 2017
Nearly two-thirds of American workers say they plan to work past retirement age, but on a part-time basis, according to Gallup’s Economy and Personal Finance survey, conducted April 5-9. However, fewer Americans said they will work full-time and more of them said they will stop working altogether. When the same survey was conducted in 2011, … more Gallup: Most U.S. Employed Adults Plan To Work Past Retirement Age
May 11, 2017
The HMBS market remained in supply equilibrium again in April, with high prepayment numbers balanced out by a strong month of new issuance. Issuers created 104 pools in April totaling over $794 million. April issuance divided into 49 original pools and 55 tail pools. No seasoned original new loan pools were issued. Production of original … more HMBS April 2017: Original Supply Blooms in Spring
May 10, 2017
There is less than one week remaining before the implementation of the Federal Housing Administration’s Loan Review System (LRS). When LRS goes live on May 15, lenders will use the system for all new post-endorsement loan reviews and other quality control functions for Single Family Title II mortgages (which includes Home Equity Conversion Mortgages). During … more Preparation for Loan Review System Go-Live on May 15th