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Industry & Member News

Completion of the Lender Annual Recertification

Last week, the Federal Housing Administration published FHA Info #20-11 which announced the annual recertification for lenders with a fiscal year ending December 31, 2019, is due no … more Completion of the Lender Annual Recertification

Mapping Out a Fulfilling Retirement

One might say that Baby Boomers on the cusp of retiring come in two varieties. Some cannot wait to retire and already have a plan. For others, the … more Mapping Out a Fulfilling Retirement

Transamerica: Retirement Preparedness For Women Improving, But Concerns Remain

Although retirement preparedness levels among working women around the world improved marginally over the past five years, a new survey from the Transamerica Center on Retirement Studies (TCRS) … more Transamerica: Retirement Preparedness For Women Improving, But Concerns Remain

Proprietary Reverse Mortgage Comparison ChartMembers Only

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Reverse Mortgage Magazine, January/February 2020 Issue

Preparations for the January/February issue of Reverse Mortgage Magazine began in the fall, at NRMLA’s Annual Meeting & Expo, as we listened to the experts who were pointing to a future where proprietary reverse mortgages would continue to garner increasing market share. Michael McCully, a partner with Naples, FL-based New View Advisors, told staff writer Joel Berg that the next 12 to 18 months could see proprietary products making up more than 50 percent of the reverse mortgage market.

“This is what should be happening, and I think HUD welcomes it. The market seems to be embracing it, too, and the culture of the industry is going to be staked to moving away from the HUD program,” McCully says. “The proprietary product is competitive not in every scenario but in many scenarios. That’s all positive news for the growth of the non-agency market.”

Download the issue.

Become a Certified Reverse Mortgage Professional

CRMP

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.

Learn more