Reverse Mortgage Magazine, September-October 2016
The award-winning Reverse Mortgage magazine is the official publication of the National Reverse Mortgage Lenders Association.
Among the top stories in the September-October issue are
- High Rise Reverse Mortgages: What’s Up with Co-Ops and Condos?
- RMF: The Long and Winding Road
- Borrower Chronicles: It Was Mom’s Idea
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
HUD Proposes Simplified Condo Approval Process
September 28, 2016
New condominium approval guidelines proposed by the Federal Housing Administration this week could make it easier for older condo owners to obtain a reverse mortgage. The proposed rule, Project Approval for Single-Family Condominiums, implements changes to condominium project approvals that FHA believes will be more flexible, less prescriptive, and more reflective of the current market. FHA … more HUD Proposes Simplified Condo Approval Process
FHA to Extend Effective Date for Servicing Fee Set-Aside Growth Rate; ML Coming Soon
September 27, 2016
Per FHA INFO #16-62, the Federal Housing Administration (FHA) announced today that it plans to issue guidance that would extend the October 3, 2016, effective date for revisions to the Servicing Fee Set-Aside compounding interest rate (growth rate) for HECM loans. Mortgagee Letter 2016-10, published on July 13, 2016, established the use of the Note … more FHA to Extend Effective Date for Servicing Fee Set-Aside Growth Rate; ML Coming Soon
FHA to Extend Effective Date for Servicing Fee Set-Aside Growth Rate; ML Coming Soon
September 26, 2016
Per FHA INFO #16-62, the Federal Housing Administration (FHA) announced today that it plans to issue guidance that would extend the October 3, 2016, effective date for revisions to the Servicing Fee Set-Aside compounding interest rate (growth rate) for HECM loans. Mortgagee Letter 2016-10, published on July 13, 2016, established the use of the Note … more FHA to Extend Effective Date for Servicing Fee Set-Aside Growth Rate; ML Coming Soon
Are You Ready to Age at Home?
September 23, 2016
The Bipartisan Policy Center has created an online checklist that gives aging Americans who wish to continue living independently in their homes and communities access to resources to help them plan for retirement, housing and healthcare needs. On May 22, the BPC published Healthy Aging Begins at Home, a report that underscores the critical need … more Are You Ready to Age at Home?