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DC Passes Law to Help Delinquent Reverse Mortgage Borrowers
July 10, 2020
The District of Columbia implemented a new law that extends and slightly expands the existing DC reverse mortgage tax and insurance payment assistance program. The “Reverse Mortgage … more DC Passes Law to Help Delinquent Reverse Mortgage Borrowers
55 Percent of Working Households Face Retirement Challenges
July 10, 2020
Because of the COVID-19 pandemic, 55 percent of working age households in America are now at risk of being unable to maintain their pre-retirement standard of living, according … more 55 Percent of Working Households Face Retirement Challenges
NRMLA Requests Federal Funds Be Released to Help Puerto Rico HECM Borrowers
July 10, 2020
NRMLA submitted a letter to Puerto Rico Housing Secretary Luis C. Fernández-Trinchet, Esq. requesting that $5 million in federal Community Development Block Grant funds be released to help … more NRMLA Requests Federal Funds Be Released to Help Puerto Rico HECM Borrowers
HMBS June 2020 Part II: HMBS Float Remains in Equilibrium Just Above $54 Billion
July 10, 2020
Outstanding HMBS fell by $15 million in June, as payoffs rose and issuance remained strong. Payoffs totaled approximately $927 million, consistent with average monthly payoffs over the last … more HMBS June 2020 Part II: HMBS Float Remains in Equilibrium Just Above $54 Billion
Reverse Mortgage Magazine, July-August 2020 Issue
COVID-19 has dramatically altered the way many businesses operate. Reverse Mortgage Magazine interviewed leaders from around the reverse mortgage industry and asked them how they have adapted and determined the best ways to continue serving their customers and how these changing workflows may become the new normal.
For our cover story, Leslie Flynne, SVP of loan servicing for Houston, TX-based Reverse Mortgage Solutions Inc. shared insights about her company’s disaster planning guide, which accounted for a pandemic and allowed RMS to act decisively. Lesson learned: If your disaster plan doesn’t include a pandemic, add a new chapter.
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.