In the wake of the devastating wildfires in Southern California, it’s essential for industry professionals and reverse mortgage borrowers to understand how insurance claims work for properties with … more Servicing Corner: Understanding Insurance Claims and Reverse Mortgages
Loan Servicing
NRMLA Asks HUD to Extend ORCA Initiative to HECM
NRMLA has asked the Department of Housing and Urban Development to consider extending its Optional Reimbursement Claim Alternative (ORCA) to the HECM program. Earlier this year, HUD published … more NRMLA Asks HUD to Extend ORCA Initiative to HECM
HUD Extends Foreclosure Relief to CA Homeowners
The Department of Housing and Urban Development announced a 90-day extension of its foreclosure moratorium on FHA-insured mortgages, including HECMs, for areas of Los Angeles County devastated by … more HUD Extends Foreclosure Relief to CA Homeowners
Advice on Handling HECMs in Disaster Areas
The devastating fires in Los Angeles County prompted the Federal Housing Administration to publish FHA Info #2025-07 as a reminder to mortgagees about its guidance for servicing and … more Advice on Handling HECMs in Disaster Areas
Ginnie Mae Finalizes HMBS 2.0 Term Sheet
Ginnie Mae published a finalized term sheet for its HECM Mortgage-Backed Securities (HMBS) 2.0 program. The final term sheet was developed in response to comments received and subsequent engagement with … more Ginnie Mae Finalizes HMBS 2.0 Term Sheet
HUD Finalizes Debenture Interest Updates
The Federal Housing Administration published updates for the payment of debenture interest on HECM claims and established a process for adjusting debenture interest for claims already filed for loans … more HUD Finalizes Debenture Interest Updates
DC Relaunches Reverse Mortgage T&I Program
The District of Columbia Housing Finance Agency will provide up to $40,000 under its Reverse Mortgage Insurance & Tax Payment Program (ReMIT) to help eligible homeowners pay delinquent … more DC Relaunches Reverse Mortgage T&I Program
From the Top: Marion McDougall, CEO, Celink
For two decades, Celink has been the nation’s leading subservicer of reverse mortgages. Celink’s clients own the servicing rights to the loans they originate but contract with Celink … more From the Top: Marion McDougall, CEO, Celink
Servicing Corner: Preparing Borrowers and their Heirs for the Death of the Last Borrower
Being prepared in advance is key. The more the borrower and their heirs understand in advance, the smoother the resolution of the HECM loan and property will go … more Servicing Corner: Preparing Borrowers and their Heirs for the Death of the Last Borrower
HUD and GNMA Invited Feedback on Two Critical HECM Issues
Working in coordination with the Servicing Committee and HMBS Issuers Committee, NRMLA submitted two sets of comments, one to the Department of Housing and Urban Development and another … more HUD and GNMA Invited Feedback on Two Critical HECM Issues
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