The Federal Housing Administration will be updating FHA Connection (FHAC) to include new questions related to appraisal reviews and Reconsideration of Value (ROV) policies first announced in Mortgagee … more FHA Announces Appraisal Technology Updates and Webinar
Darryl Hicks is Vice President of Communications for the National Reverse Mortgage Lenders Association. In this capacity, Hicks writes for NRMLA's publications, manages the association's web sites and social media accounts, assists committees and the Board of Directors, and manages the Certified Reverse Mortgage Professional designation. Prior to joining NRMLA in 1999, Hicks spent three years in the Washington, D.C. bureau for National Mortgage News.
Highlights From “How America Saves 2024” Report
Vanguard released the 23rd edition of its “How America Saves” report, which spotlighted the retirement-saving behaviors of nearly five million Vanguard participants. Go deeper: The report found that … more Highlights From “How America Saves 2024” Report
GNMA Seeks Comments on Proposed HMBS 2.0
Ginnie Mae published a draft term-sheet for its proposed HECM Mortgage-Backed Securities (HMBS) 2.0 program. Comments are due July 31. Why it matters: HMBS 2.0 seeks to address … more GNMA Seeks Comments on Proposed HMBS 2.0
CFPB Takes Action Against Former HUD Contract Sub-Servicer
The Consumer Financial Protection Bureau issued an order to permanently ban Sutherland Global, its subsidiaries Sutherland Government Solutions and Sutherland Mortgage Services, and NOVAD Management Consulting from servicing … more CFPB Takes Action Against Former HUD Contract Sub-Servicer
From the Top: Julia Gordon, Assistant Secretary for Housing and Federal Housing Commissioner, HUD
Few people who have served as Assistant Secretary for Housing and Federal Housing Commissioner have had as much of a positive impact on the Home Equity Conversion Mortgage … more From the Top: Julia Gordon, Assistant Secretary for Housing and Federal Housing Commissioner, HUD
Servicing Corner: HECM Borrowers Win With These Changes
With the publication of Mortgagee Letter 2023-23, U.S. Department of Housing and Urban Development (HUD) provided valuable benefits to HECM borrowers and their heirs by streamlining HECM servicing requirements … more Servicing Corner: HECM Borrowers Win With These Changes
Senior Debt Levels Increase Threefold Over Past 35 Years
Adults aged 65 to 74 hold an average of $134,950 in debt, while individuals 75 and older hold an average of $94,620 in debt, according to Federal Reserve … more Senior Debt Levels Increase Threefold Over Past 35 Years
Member Spotlight: Michael Pankow, City First Mortgage Services, Inc.
To help our members get to know one another, NRMLA publishes periodic Member Spotlights featuring professionals from across the reverse mortgage ecosystem. Meet Michael Pankow, National Director of … more Member Spotlight: Michael Pankow, City First Mortgage Services, Inc.
Recent FDIC Focus on RESPA Sect. 8 Broker-Related Violations
NRMLA’s outside counsel, Weiner Brodsky Kider, PC, has published a memorandum for members that summarizes recent enforcement actions taken by the FDIC regarding violations of RESPA Section 8. … more Recent FDIC Focus on RESPA Sect. 8 Broker-Related Violations
FHA and GNMA Discuss Priorities and Achievements
The following article provides highlights from NRMLA’s Eastern Regional Meeting, May 29, in Washington, DC. During an interview with NRMLA Chairman Mike Kent, Deputy Assistant Secretary for Single-Family … more FHA and GNMA Discuss Priorities and Achievements
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