The Consumer Financial Protection Bureau released a new guide for older homeowners called You have a reverse mortgage: Know your rights and responsibilities. The new guide is the latest tool … more You Have a Reverse Mortgage: Know Your Rights and Responsibilities
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.
Senate Approves Fudge As Housing Secretary
By a vote of 66 to 34, the Senate confirmed Marcia Fudge as the next Secretary of Housing and Urban Development, making her the first African-American woman to … more Senate Approves Fudge As Housing Secretary
HUD Updates Interest Rate Policies for New HECM ARMs
Today, the Federal Housing Administration published Mortgagee Letter (ML) 2021-08, which paves the way for the removal of the London Interbank Offered Rate (LIBOR) index and replaces it … more HUD Updates Interest Rate Policies for New HECM ARMs
Alec Hanson, Senior Vice President, Production, loanDepot
Social media platforms, such as LinkedIn and Facebook, provide a vital means of identifying, communicating and building relationships with referral partners and borrowers. Many of us, however, lack … more Alec Hanson, Senior Vice President, Production, loanDepot
HMBS February 2021 Part II: Farewell to LIBOR ARMs
Outstanding HMBS rose by $159 million in February 2021, as issuers rushed to issue new LIBOR pools. February was the last month in which GNMA allowed issuance of … more HMBS February 2021 Part II: Farewell to LIBOR ARMs
ARRC Confirms Longer Wind-Down Time Frame For Legacy Contracts
The UK Financial Conduct Authority, which regulates the London Interbank Offered Rate (LIBOR), will cease publication of the one-week and two-month LIBOR indices after December 31, 2021 and … more ARRC Confirms Longer Wind-Down Time Frame For Legacy Contracts
Advocacy Update-NRMLA Testifies Second Time in Maryland
For the second time in two weeks, NRMLA President Steve Irwin testified before the Maryland Assembly in favor of a reverse mortgage bill that would help expand reverse … more Advocacy Update-NRMLA Testifies Second Time in Maryland
NY Amends Servicing Requirements for HECMs
by Weiner Brodsky Kider New York recently enacted Senate Bill 884 (SB 884), which amends the HECM servicing requirements under the newly added section 280-d of the New York Real … more NY Amends Servicing Requirements for HECMs
HMBS February 2021: Issuance Blizzard Ends LIBOR Era
HMBS issuance totaled $872 million in February 2021, as the LIBOR deadline finally arrived. February 2021 was the last month in which Ginnie Mae allowed pooling of new … more HMBS February 2021: Issuance Blizzard Ends LIBOR Era
NRMLA Comments On LIBOR Transition and H4P Improvements
On behalf of its members, NRMLA submitted comments to the Department of Housing and Urban Development requesting that lenders and servicers be given 180 days to prepare for … more NRMLA Comments On LIBOR Transition and H4P Improvements
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