HUD Secretary Ben Carson delivered remarks today emphasizing the Department’s commitment to senior living programs including the Federal Housing Administration’s Home Equity Conversion Mortgage Program. In his speech, the Secretary outlined three essential HUD initiatives for our nation’s seniors. The second initiative, based on a goal of “good financial health” that enables individuals to use their … more NRMLA Statement on HUD Secretary’s Remarks Regarding the HECM Program
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
Housing Wealth for Homeowners 62 and Older Grew 3.1% in First Quarter WASHINGTON (June 22, 2017) – The National Reverse Mortgage Lenders Association reports today that homeowners age 62 and older saw their home equity increase by a combined 3.1 percent to $6.3 trillion in the first quarter of 2017 from $6.13 trillion in Q4 … more Rising Home Values Boost Senior Home Equity to $6.3 Trillion in Q1 2017
National Organizations Stand Up to Senior Financial Exploitation on World Elder Abuse Awareness Day WASHINGTON (June 15, 2017) – Today, as part of World Elder Abuse Awareness Day (WEAAD), the National Reverse Mortgage Lenders Association and the National Aging in Place Council launched new consumer webpages to help older adults, and their loved ones, recognize the … more NRMLA and NAIPC Help Seniors Identify, Report Financial Fraud with New Online Resources
Today the White House published the President’s proposed budget for FY 2018, which includes $40.68 billion in gross discretionary funding for the U.S. Department of Housing and Urban Development. HUD also provided a detailed department budget and press release on its website. In response to the budget proposal, NRMLA President and CEO Peter Bell commented … more NRMLA Statement on the President’s FY 2018 Budget Proposal
Experts to Explain Strategic Uses of Home Equity in Retirement and Answer Consumer Questions WASHINGTON (April 24, 2017) – The National Reverse Mortgage Lenders Association is proud to host a series of online seminars for professionals and consumers during its second annual Reverse Mortgage Education Week running today through Friday, April 28. The industry … more NRMLA Kicks Off Second Annual Reverse Mortgage Education Week
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
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