You must be logged in to view this content.
Regulations
Financial Assessment Resource Materials
For two years, the reverse mortgage industry has prepared itself for financial assessment. Four days from now, on Monday, April 27, FA becomes a reality. NRMLA extends its … more Financial Assessment Resource Materials
HUD Asks District Court to Dismiss and Conclude NBS LitigationMembers Only
You must be logged in to view this content.
FHA Unveils Electronic Appraisal Delivery
FHA will require all mortgagees, including reverse mortgage lenders, to deliver appraisals through an Electronic Appraisal Delivery (EAD) portal for loans with case numbers assigned on or after … more FHA Unveils Electronic Appraisal Delivery
FHA Establishes LESA Growth Rate
The Federal Housing Administration last week established a monthly growth rate for Life Expectancy Set-Asides and clarified a discrepancy between the HECM Financial Assessment and Property Charge Guide … more FHA Establishes LESA Growth Rate
NRMLA Seeks Exemption from CFPB Servicing ProposalMembers Only
You must be logged in to view this content.
Updated Loan Documents Now Available
FHA has released new model loan documents that incorporate non-borrowing spouse and financial assessment changes.
Putting the CFPB Report Into PerspectiveMembers Only
No matter how much information we provide to borrowers and their families, there will always be some who will never completely understand everything about reverse mortgages, or will forget what they learned over time.
CFPB Sues Reverse Lender for False Advertising
The Consumer Financial Protection Bureau is taking legal action against a Maryland-based mortgage company for disseminating deceptive reverse mortgage advertising.
Defining Ineligible NBSMembers Only
A new term has entered the reverse mortgage vocabulary: Ineligible Non-Borrowing Spouse.