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Reverse Mortgage Magazine, March-April 2018 Issue

Our cover story for this month’s issue of Reverse Mortgage magazine examines the reverse mortgage market in California. While it has the largest population of any state, the next three largest states – Texas, Florida and New York – have a combined population that is almost twice that of California. And yet, California has more reverse mortgages than those three states combined. It takes a lot more than just population to explain this. So we went out to search for other reasons, thinking at least some of the answers might be replicable and thereby help the industry build up other markets.

The magazine issue also features an analysis of FHA’s Mutual Mortgage Insurance Fund written by staff writer Mark Olshaker. On the one hand, the MMI provides borrowers with valuable protection and creates a level of trust in the market. On the other hand, the statutory requirement that it be net neutral in each fiscal year’s book of business has led to frequent adjustments to the HECM program that rattle businesses and create consumer confusion. Olshaker reports on these issues as well as on how HECMs ended up in this fund and what the new options may be.

Download the full issue

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.

Learn more


Industry & Member News

HUD Releases New Calculation Software

A new version of the HECM Calculation Software that includes an updated Initial Mortgage Insurance Premium formula for HECM refinance cases was released this week on the Federal Housing Administration’s HECM Lenders webpage under “Software.” On December 29, 2017, FHA announced in FHA INFO 17-59, the posting of the FHA Connection (FHAC) Release Notes, which … more HUD Releases New Calculation Software

FHA Extends Puerto Rico Foreclosure Moratorium to HECM Borrowers

In response to NRMLA’s request for clarification, officials at the Federal Housing Administration confirmed this week in FHA Info #18-12 that the moratorium extension on foreclosures in Presidentially-Declared Disaster Areas of Puerto Rico applies to HECM borrowers. NRMLA Executive Vice President Steve Irwin made the announcement at NRMLA’s Western Regional Meeting on Monday moments after … more FHA Extends Puerto Rico Foreclosure Moratorium to HECM Borrowers

Choosing the Right Home Environment

Should I Stay Or Should I Go? This consumer toolkit from the National Reverse Mortgage Lenders Association will help older homeowners consider whether their current home environment will best serve their needs as they age. NRMLA’s toolkit guides readers through a wide selection of housing possibilities. As reverse mortgage professionals and members of the National Reverse Mortgage Lenders Association, … more Choosing the Right Home Environment

Reverse Mortgage Education Week Webinar Calendar

During Reverse Mortgage Education Week, the National Reverse Mortgage Lenders Association hosts a series of free informational webinars for older homeowners, their loved ones, and the professionals who serve them, to explain how the loans can be used to supplement retirement savings and support aging in place. Join a webinar and share the information with … more Reverse Mortgage Education Week Webinar Calendar