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 25, 2017
In case you couldn’t make it to NRMLA’s Western Regional Meeting in Huntington Beach, CA, May 16-17, we invite you to read the following summaries highlighting some of the key presentations. California Association of Realtors Senior Economist Jordan Levine described the economy as being on a strong footing. But he also tempered his remarks by … more What You Missed at NRMLA West
May 25, 2017
Recognizing the significant improvements that have been made to the HECM program that reduce risk to the MMI Fund and ensure responsible lending to aging homeowners, President Trump published a proposed Fiscal Year 2018 budget this week that would permanently remove the cap on the aggregate number of reverse mortgages that FHA can insure. The … more Administration’s Budget Praises HECM and Proposes End to Cap
May 25, 2017
Financial Assessment is still working, only more so. FHA’s new policy of requiring financial assessment (“FA”) of the borrower’s ability to pay has cut tax and insurance default by nearly three quarters and serious defaults by almost two-thirds. These results are even better than the encouraging data we shared this past February. FHA’s objective for … more Financial Assessment Looks Better and Better
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