The Financial Interview Tool (FIT) used by HECM counselors to create a budget and the Benefits Check Up tool to identify local resources for reverse mortgage borrowers have … more HUD Replaces FIT and Benefits Check Up
Counseling
Telephone/Video Counseling Extended in Massachusetts
Massachusetts Governor Charlie Baker signed a supplemental spending bill that reinstates video and telephone counseling for reverse mortgage borrowers until July 15, 2022. The Massachusetts Division of Banks … more Telephone/Video Counseling Extended in Massachusetts
HUD Issues HECM Exam Waiver
The Department of Housing and Urban Development issued a temporary waiver that allows reverse mortgage counselors who were required to take the HECM exam last year, but couldn’t, … more HUD Issues HECM Exam Waiver
Important HECM Counseling Updates
The Department of Housing and Urban Development announced the following updates to its housing counseling program: The HECM Roster exam is now available and can be accessed at hecmexam.org. The exam … more Important HECM Counseling Updates
In-Person Counseling to Resume In Massachusetts
The Massachusetts Division of Banks has notified licensees that in-person counseling will resume for reverse mortgages “originated from December 15, 2021.” The Division of Banks is defining “originated … more In-Person Counseling to Resume In Massachusetts
HUD Soliciting Candidates For Housing Counseling Federal Advisory Committee
The Department of Housing and Urban Development is seeking nominations to fill four vacancies on the 12-member Housing Counseling Federal Advisory Committee. New members will represent the mortgage … more HUD Soliciting Candidates For Housing Counseling Federal Advisory Committee
NRMLA Member Appointed to Counseling Advisory Committee
The Department of Housing and Urban Development appointed six new members to its Housing Counseling Federal Advisory Committee, including Carol Ann Dujanovich, Vice President and Director of Operations, … more NRMLA Member Appointed to Counseling Advisory Committee
MA Lawmakers Approve Telephone/Video Counseling Extension
Massachusetts lawmakers passed legislation (SB 2472) that allows reverse mortgage borrowers to continue being counseled by phone or video through December 15, 2021. During the extension period, … more MA Lawmakers Approve Telephone/Video Counseling Extension
NRMLA Urges MA Lawmakers to Pass Counseling Bill
NRMLA submitted a letter to the leadership of the Massachusetts legislature urging lawmakers to expedite the passage of House Bill 1146, which would permanently allow video or telephonic … more NRMLA Urges MA Lawmakers to Pass Counseling Bill
Compliance Corner: No Fees Prior to Having a Signed Counseling Certificate
HUD’s Office of Housing Counseling contacted NRMLA this week and asked us to remind members that lenders are not permitted to collect a fee or take a final … more Compliance Corner: No Fees Prior to Having a Signed Counseling Certificate
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