The U.S. Department of Housing and Urban Development’s Office of Housing Counseling updated its Housing Counseling Program Handbook (Handbook 7610.1 REV-6), including the section on HECM counseling. The … more HUD Publishes Updates HECM Portion of Housing Counseling Handbook
NeighborWorks America notified NRMLA of the following changes to its HECM hotline. As of January 1, 2023, NeighborWorks America recommends that lenders and servicers direct consumers seeking reverse … more NeighborWorks America Announces Changes to Its HECM Hotline
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
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
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
NRMLA was contacted by HUD’s Office of Housing Counseling’s Senior Housing Program Specialist who asked us to advise our membership that the “Certificate of HECM Counseling” is still … more Update on HECM Counseling Certificate
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
You must be logged in to view this content.