Every May, the Administration for Community Living leads our nation’s observance of Older Americans Month. The theme for 2020 is “Make Your Mark.” This theme was selected to … more Older Americans Month 2020
Resources
New CFPB Resource: Planning Your Finances For An Uncertain Future
The Consumer Financial Protection Bureau published new financial education resources for older adults, their families, and practitioners who work in the aging field during the coronavirus pandemic. Included … more New CFPB Resource: Planning Your Finances For An Uncertain Future
Countdown to World Elder Abuse Awareness Day
Every year on June 15, communities around the world join together to raise awareness of elder abuse, neglect, and exploitation. World Elder Abuse Awareness Day (WEAAD) is an … more Countdown to World Elder Abuse Awareness Day
Breaking News-MA Division of Banks Issues COVID-19 Counseling Guidance
Today, the Massachusetts Division of Banks published guidance on reverse mortgage counseling requirements during the COVID-19 emergency. Massachusetts Governor Charlie Baker signed a bill (HB4647) into law last … more Breaking News-MA Division of Banks Issues COVID-19 Counseling Guidance
Massachusetts COVID-19 Bill Allows Counseling by Real-Time Video
Lawmakers in Massachusetts are considering a housing security bill (S. 2621) that protects renters and homeowners from eviction and foreclosure during the COVID-19 pandemic, and also permits real-time … more Massachusetts COVID-19 Bill Allows Counseling by Real-Time Video
Reverse Mortgage Counseling in MA
NRMLA and our Massachusetts members have contacted the Division of Banks and the Executive Office of Elder Affairs and requested temporary relief from in-person reverse mortgage counseling requirements … more Reverse Mortgage Counseling in MA
Proprietary Reverse Mortgage Comparison ChartMembers Only
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Compliance Corner: Ordering the Counseling SessionMembers Only
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Senate Aging Committee Shines Spotlight on Social Security Scam
This week, the Senate Special Committee on Aging held a public hearing that examined the Social Security Impersonation Scam that last year cost seniors $38 million. The Committee also released … more Senate Aging Committee Shines Spotlight on Social Security Scam
Key HECM Regulations and Resource Materials
The following section lists the primary regulations pertaining to the FHA’s Home Equity Conversion Mortgage Program, used by compliance, underwriting and servicing staff.