WASHINGTON (March 29, 2017) – The National Reverse Mortgage Lenders Association reports today that retirement-aged homeowners saw a combined 2.8 percent increase of $170.7 billion in home equity in the fourth quarter of 2016, boosting their total housing wealth to $6.2 trillion. A 2.4 percent increase in home values for owners 62 and older in … more Home Equity Grows by $170.7 Billion for Homeowners 62 and Older in Q4 2016
The National Reverse Mortgage Lenders Association (NRMLA) is the national voice of the reverse mortgage industry, serving as an educational resource, policy advocate and public affairs center for lenders and related professionals. NRMLA was established in 1997 to enhance the professionalism of the reverse mortgage business.
Our mission is to educate consumers about the pros and cons of reverse mortgages, to train lenders to be sensitive to clients’ needs, to enforce our Code of Ethics and Professional Responsibility, and to advise policy makers on reverse mortgage issues.
For more information about reverse mortgages and to read borrower testimonials, visit NRMLA’s consumer education site www.reversemortgage.org.
Jenny Werwa, Director of Public Relations
NRMLA Press Releases
WASHINGTON (March 23, 2017) – For many homeowners, the equity they have built up in their home is their largest financial asset, typically comprising more than half of their net worth. Yet confusion persists about how to measure home equity and the tools available for incorporating it into an overall personal financial management strategy. In … more NRMLA Explains Home Equity in Advance of Financial Literacy Month
WASHINGTON (March 2, 2017) – In recognition of the U.S. Senate’s confirmation of Dr. Ben Carson to serve as Secretary of Housing and Urban Development, NRMLA President and CEO Peter Bell issued the following statement: “The National Reverse Mortgage Lenders Association congratulates Dr. Ben Carson on his confirmation to serve as the 17th Secretary of … more NRMLA Congratulates New HUD Secretary
Free Consumer Guides Now Available for Download from www.reversemortgage.org WASHINGTON (February 7, 2017) – The National Reverse Mortgage Lenders Association today announced the availability of three new resources for senior homeowners who are considering a reverse mortgage, and for current borrowers and their families who have questions about their loan. The free guides, posted to … more Reverse Mortgage Industry Promotes Transparency with New Consumer Tools
The Hill newspaper, a widely read Capitol Hill news source, published the following opinion editorial from NRMLA President and CEO Peter Bell on January 17, 2017. The original article is posted on TheHill.com. The real story on Trump’s Treasury pick and reverse mortgages By Peter Bell, Opinion Contributor In the reverse mortgage industry, foreclosure and … more NRMLA Op-Ed Explains Reverse Mortgage Foreclosure
Gains Highlight Housing Wealth as Valuable Resource for Retirees WASHINGTON (December 20, 2016) – The National Reverse Mortgage Lenders Association reports today that homeowners aged 62 and older saw an overall 2.6 percent increase of $152.0 billion in senior home equity in the third quarter of the year, bringing the total to $6.1 trillion. The … more Senior Home Equity Reached $6.1 Trillion in Q3 2016
WASHINGTON (December 19, 2016) – The National Reverse Mortgage Lenders Association today formally announced the members of its 2017 Board of Directors. Directors were elected unanimously en bloc during a NRMLA business meeting held in November during the association’s 2016 Annual Meeting in Chicago. The 2017 Board then elected the following slate of officers who … more NRMLA Announces 2017 Board of Directors and Officers
Earlier today, President-Elect Donald Trump officially nominated retired neurosurgeon and former presidential candidate Dr. Ben Carson to lead the U.S Department of Housing and Urban Development in the new administration. If confirmed as HUD Secretary, the cabinet position will mark Dr. Carson’s first time holding political office. In response to the nomination, NRMLA President and … more NRMLA Statement on Dr. Ben Carson’s Nomination to Lead HUD
Acting Deputy Assistant Secretary for Single Family Housing to Address NRMLA Annual Meeting WASHINGTON (November 7, 2016) – The National Reverse Mortgage Lenders Association is pleased to announce that Robert Mulderig, Acting Deputy Assistant Secretary of the U.S. Department of Housing and Urban Development’s Office of Single Family Housing, which oversees the Federal Housing Administration’s … more Acting DAS for Single Family Housing to Address NRMLA Annual Meeting
WASHINGTON (November 1, 2016) – The National Reverse Mortgage Lenders Association applauds the Federal Housing Administration today for insuring more than one million reverse mortgages through its Home Equity Conversion Mortgage program, which was first created 27 years ago. FHA endorsed 3,919 loans in October 2016, which brings the total number of older homeowners who … more Reverse Mortgage Industry Reaches 1 Million Loan Milestone