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
Counseling
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
Compliance Corner: Ordering the Counseling SessionMembers Only
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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.
FHA Commissioner: 40 Percent of Counseled Seniors Get a HECM
During a public event this week commemorating National Homeownership Month and the 50th anniversary of the Department of Housing and Urban Development’s counseling programs, Acting Deputy Secretary/Federal Housing Administration … more FHA Commissioner: 40 Percent of Counseled Seniors Get a HECM
Complying with FHA’s HECM Counseling Guidelines: Frequently Asked Questions
The most important consumer protection built into the reverse mortgage program is the requirement that a prospective borrower must first meet with an exam-qualified, independent third-party counselor approved by … more Complying with FHA’s HECM Counseling Guidelines: Frequently Asked Questions
HUD Awards $47 Million In Housing Counseling Grants
The U.S. Department of Housing and Urban Development this week awarded $47 million in housing counseling grants to non-profit counseling agencies across the country that will be used … more HUD Awards $47 Million In Housing Counseling Grants
Form HUD-9902 Counseling Data Due July 31
In a listserv announcement sent on July 3, the Department of Housing and Urban Development reminded housing counseling agencies (HCAs) to submit their third quarter Form HUD-9902 performance … more Form HUD-9902 Counseling Data Due July 31
Reverse Mortgage Assistance in Puerto Rico
The non-profit HOPE Now Alliance has organized free counseling for families in Puerto Rico who were impacted by Hurricane Maria and need help with their reverse mortgages. Counselors … more Reverse Mortgage Assistance in Puerto Rico
CT Governor Signs Reverse Mortgage Counseling Bill
Connecticut Governor Dannel Patrick Malloy signed reverse mortgage counseling legislation into law this week that emulates existing rules mandated under the federal Home Equity Conversion Mortgage program. The … more CT Governor Signs Reverse Mortgage Counseling Bill