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Reverse Mortgage Magazine, May-June 2016

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Reverse Mortgage magazine is the official publication of the National Reverse Mortgage Lenders Association.

Among the top stories in the May-June issue are Talking to a New HECM AudienceHMBS Update: Ginnie Mae Promises Big Changes; and New Research: Equity Extraction MotivationsDownload the full issue

New Reverse Mortgage Consumer Resource

At our members’ request, NRMLA is offering reprints of the November-December issue of Reverse Mortgage magazine (without advertisements), which highlights 25 strategies for using home equity to enhance retirement.

The articles, authored by Certified Reverse Mortgage Professionals, make a strong case for the versatility and benefits of reverse mortgages.

RMM order form

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

 

Industry & Member News

HUD Publishes Proposed Rule for HECM Program

The Department of Housing and Urban Development this week published an expansive proposed rule, entitled Federal Housing Administration (FHA): Strengthening the Home Equity Conversion Mortgage Program, as part of its ongoing efforts to protect the Mutual Mortgage Insurance (MMI) Fund and prospective HECM borrowers. “HUD’s leadership has continually voiced its support for the HECM program … more HUD Publishes Proposed Rule for HECM Program

It Rains, but Doesn’t Pour for April HMBS Issuers

HMBS issuers created approximately $775 million in new HMBS pools during April 2016, with a weak tally in original pools mitigated by a $106 million seasoned pool. Last month’s HMBS issuance total improved on March’s $639 million but was down from April 2015’s $798 million. Issuers sold 94 pools, evenly divided into 47 original pools … more It Rains, but Doesn’t Pour for April HMBS Issuers

Annual HECM Endorsement Chart

The following page shows annual HECM production from 1990 to the present by federal fiscal year and by calendar year from 2001 onward.

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