NRMLA President and CEO Peter Bell was interviewed this week during the AGING MATTERS radio program broadcast live on FM station WERA 96.7 based in Arlington, VA, to … more NRMLA’s Peter Bell Interviewed on Aging Matters Radio Program
Resources
Member Spotlight: 17 Years. 700 Loans. CRMP Bruce Simmons Shares His Success Story
Bruce Simmons, CRMP, has originated reverse mortgages exclusively since 2003 and closed well over 700 loans. Simmons got his start at Wells Fargo but since September 2011, he … more Member Spotlight: 17 Years. 700 Loans. CRMP Bruce Simmons Shares His Success Story
Reverse Mortgage Proprietary Product Updates
Back in August, NRMLA unveiled a product comparison chart to help members differentiate proprietary reverse mortgages offered by Finance of America Reverse, Reverse Mortgage Funding LLC, Longbridge Financial … more Reverse Mortgage Proprietary Product Updates
What You Need to Know About Your HECM After Closing
The National Reverse Mortgage Lenders Association created, “What You Need to Know About Your HECM After Closing” to answer questions reverse mortgage loan borrowers, and their heirs, may … more What You Need to Know About Your HECM After Closing
What Do I Do When My Loan is Due?
The National Reverse Mortgage Lenders Association created, “What Do I Do When My Loan is Due?,” to walk reverse mortgage loan borrowers and their families through the end … more What Do I Do When My Loan is Due?
Breaking News: FHA Increases HECM Lending Limit to $726,525
Beginning January 1, 2019 through December 31, 2019, the national lending limit for Home Equity Conversion Mortgages will increase to $726,525 from $679,650. Details were just announced in … more Breaking News: FHA Increases HECM Lending Limit to $726,525
Reverse Mortgage Self-Evaluation: A Checklist of Key Considerations
Reverse mortgages are a versatile financial tool that nearly a million homeowners have used to age-in place, and for other reasons. However, like any financial product, reverse mortgages … more Reverse Mortgage Self-Evaluation: A Checklist of Key Considerations
FHFA Raises Conventional Loan Limit to $484,350; HECM Limit Still Unknown
This week, the Federal Housing Finance Agency, regulator of Fannie Mae and Freddie Mac, announced the 2019 conventional loan limit for single-family properties will be $484,350, an increase … more FHFA Raises Conventional Loan Limit to $484,350; HECM Limit Still Unknown
HECM Second Appraisal Protocols Become Automated Effective November 30
Today, the Federal Housing Administration announced in FHA Info #18-47 that effective tomorrow, Friday, November 30, 2018, the protocols that had been in place on an interim basis for … more HECM Second Appraisal Protocols Become Automated Effective November 30
FHA Publishes FAQ For HECM Collateral Assessment Policies
In response to questions raised by NRMLA and its members, the Federal Housing Administration published a list of Frequently Asked Questions to help clarify its new collateral risk … more FHA Publishes FAQ For HECM Collateral Assessment Policies