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
Resources
Academy Releases Model Compliance Language For Retirement Planners
The Academy for Home Equity in Financial Planning at the University of Illinois at Urbana-Champaign released compliance guidance that financial service companies (i.e., broker/dealers) can use to update … more Academy Releases Model Compliance Language For Retirement Planners
Social Security Impostors Take Scams to the Next Level
A new article from AARP highlights how criminals have been phoning people, posing as real Social Security officials and flaunting fake badge numbers, to persuade victims to give … more Social Security Impostors Take Scams to the Next Level
NRMLA: Targeted Advertising Should Not Be a Fair Lending Violation
In comments submitted to the Consumer Financial Protection Bureau this week, NRMLA encouraged the Bureau to clarify that age-targeted advertising is not a fair lending violation under the … more NRMLA: Targeted Advertising Should Not Be a Fair Lending Violation
FHA Announces 2021 HECM Loan Limit
The U.S. Department of Housing and Urban Development will increase the maximum loan limit for Home Equity Conversion Mortgages from its current level of $765,600 to $822,375 effective … more FHA Announces 2021 HECM Loan Limit
FHA Extends Guidance For Verifying Self-Employment and Rental Income
The Federal Housing Administration extended through December 31 COVID-19 policies for verifying self-employment and rental income. Details were provided in Mortgagee Letter 2020-40 and impact both FHA forward … more FHA Extends Guidance For Verifying Self-Employment and Rental Income
NRMLA Proposes Improvements to HECM Loan Docs
With input from the HUD Issues Committee, NRMLA submitted comments to the Department of Housing and Urban Development this week that recommended the FNMA-1009 be replaced by the … more NRMLA Proposes Improvements to HECM Loan Docs
Beth Paterson, CRMP, President, Reverse Mortgages SIDAC, St. Paul, MN
Beth Paterson, CRMP, has done a little bit of everything over her professional career. She worked as a human resources secretary for a hospital, a marketing assistant for … more Beth Paterson, CRMP, President, Reverse Mortgages SIDAC, St. Paul, MN
Shawna James, Director, at Mortgage Assets Management, LLC
Reverse Mortgage Magazine has educated our readers and consumers about what happens after a reverse mortgage closes and the rules and timelines that servicers must follow when working … more Shawna James, Director, at Mortgage Assets Management, LLC
NRMLA Proposes Improvements to Condo Forms and Policies
With input from the HUD Issues Committee, NRMLA recommended further changes to Forms HUD-9991 and HUD-9992 and that fees charged by condominium associations for completing these forms be … more NRMLA Proposes Improvements to Condo Forms and Policies