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
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
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
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The following section lists the primary regulations pertaining to the FHA’s Home Equity Conversion Mortgage Program, used by compliance, underwriting and servicing staff.
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
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
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
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
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