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Retiree Living Standards, Ranked by State
January 17, 2020
Squared Away blog writer Kim Blanton reported on new study by the University of Massachusetts’ Gerontology Institute that ranks each state based on how many of its retirees … more Retiree Living Standards, Ranked by State
New York Introduces Bill to Fix HECM Marketing Restriction
January 17, 2020
NRMLA’s State and Local Issues Committee is actively monitoring activity in the state legislatures. Among the bills the committee is closely watching is New York Senate Bill 7184. NRMLA’s … more New York Introduces Bill to Fix HECM Marketing Restriction
NRMLA Launches “Servicing Corner”
January 17, 2020
Weekly Report has added a new feature called the “Servicing Corner,” so that we can better educate our readers on the most commonly asked questions that loan officers … more NRMLA Launches “Servicing Corner”
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.”
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.