For a third consecutive year, the Home Equity Conversion Mortgage portfolio had a positive economic value. That’s according to the Department of Housing and Urban Development’s 2023 Annual … more Health of HECM Program Remains Positive In FY23
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.
Member Spotlight: Garrett Duffy, Norcom Mortgage
To help our members get to know one another, NRMLA publishes periodic Member Spotlights that feature professionals from across the reverse mortgage ecosystem. Meet Garrett Duffy, a nationally … more Member Spotlight: Garrett Duffy, Norcom Mortgage
Closing the Retirement Coverage Gap
The Center for Retirement Research at Boston College published its 2023 Small Business Retirement Survey to better understand why smaller firms do or do not offer retirement savings … more Closing the Retirement Coverage Gap
FHA Connection Updated to Accommodate ADU Processing
The enhancements to FHA Connection follow the recent publication of Mortgagee Letter 2023-17, which updated Financial Assessment guidelines to permit income from Accessory Dwelling Units to be used … more FHA Connection Updated to Accommodate ADU Processing
FHA Proposes Update to HECM Assignment Claims Eligibility
The Federal Housing Administration posted a new draft mortgagee letter to the Drafting Table that would expand the assignment eligibility criteria to include HECMs that are due and … more FHA Proposes Update to HECM Assignment Claims Eligibility
Updated HECM Handbook Has Arrived
NRMLA’s leadership, committees, and outside counsel are all carefully reviewing the HECM section of the Single-Family Housing Policy Handbook 4000.1 that the Department of Housing and Urban Development … more Updated HECM Handbook Has Arrived
From the Top: Desmond Lenz, Director, American Pacific Reverse Mortgage Group
Based in Roseville, CA, and founded in 1996, American Pacific Mortgage (APM) is a national, independently owned and operated, retail mortgage lender that has funded over $22 billion … more From the Top: Desmond Lenz, Director, American Pacific Reverse Mortgage Group
HUD Proposed Rule Expands Counseling Delivery Options
The Department of Housing and Urban Development published a proposed rule in the Federal Register this week that would amend HUD’s regulations to allow housing counseling agencies to use alternative communication … more HUD Proposed Rule Expands Counseling Delivery Options
FHA Proposes Changes to HECM for Purchase Program
Today, the Federal Housing Administration announced changes to the HECM for Purchase program by expanding the list of acceptable funding sources, including premium pricing, and permitting additional interested … more FHA Proposes Changes to HECM for Purchase Program
ADU Income Can Be Used to Qualify HECM Borrowers
The Department of Housing and Urban Development updated its financial assessment guidelines to permit income from Accessory Dwelling Units (ADUs) to be used in qualifying older homeowners for … more ADU Income Can Be Used to Qualify HECM Borrowers
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