Webcast Video: Using a Reverse Mortgage to Buy a Home

Last week’s webcast on HECM for Purchase coordinated by NRMLA, and hosted by the National Association of REALTORS®, can be downloaded and shared with your Realtor friends. NRMLA collaborated with NAR to develop a webcast for Realtors that featured Scott Trembley, CEO of The Trembley Group, a real estate firm based in Myrtle Beach, S.C., … more Webcast Video: Using a Reverse Mortgage to Buy a Home

NRMLA Submits Comments on Form HUD-92800.5B

In response to a 60-Day Notice of Proposed Information Collection published on December 20 by the Department of Housing and Urban Development, NRMLA submitted comments this week on ways to enhance the quality, utility and clarity of information collected on Form HUD-92800.5B—Conditional Commitment.     NRMLA proposed that the form be reduced from six to two … more NRMLA Submits Comments on Form HUD-92800.5B

Preparing for FHA’s Loan Review System

To help mortgagees better understand the features and functions of the upcoming Loan Review System (LRS), the Federal Housing Administration created an Information Page on HUD.gov, archived the January 26th webinar that introduced mortgagees to LRS and organized a second webinar on March 15. FHA announced these informational details this week in FHA Info #17-08. … more Preparing for FHA’s Loan Review System

States Move to Help Workers Save for Retirement

Seven states – California, Connecticut, Illinois, New Jersey, Maryland, Oregon and Washington – are in various stages of implementing state-sponsored retirement savings plans, according to an Associated Press article published this week. Dozens of small business owners recently gathered in Schaumburg, IL, to learn about the new state-sponsored retirement savings initiative, “Secure Choice IRA,” reported … more States Move to Help Workers Save for Retirement

Winter’s Tail: Strong HMBS Issuance Ushers in New Year

HMBS issuers began 2017 with a strong month, creating 121 pools in January totaling nearly $869 million. Production of original new loan pools was $525 million, up from December’s $515 million and much higher than January 2016’s total of $469 million. The pools divided into 57 original pools and a record 64 tail pools. The … more Winter’s Tail: Strong HMBS Issuance Ushers in New Year

Why Don’t (More) Small Businesses Offer Retirement Plans?

The Pew Charitable Trusts recently surveyed more than 1,600 small and medium-sized business owners and managers and found that employers most often cited expense, limited administrative resources and lack of employee interest as main reasons for not offering retirement plans, according to an article published by the National Association of Plan Advisors. Nearly a quarter … more Why Don’t (More) Small Businesses Offer Retirement Plans?