This week, the Federal Housing Finance Agency, regulator of Fannie Mae and Freddie Mac, announced the 2019 conventional loan limit for single-family properties will be $484,350, an increase … more FHFA Raises Conventional Loan Limit to $484,350; HECM Limit Still Unknown
Marketing / Origination
HECM Second Appraisal Protocols Become Automated Effective November 30
Today, the Federal Housing Administration announced in FHA Info #18-47 that effective tomorrow, Friday, November 30, 2018, the protocols that had been in place on an interim basis for … more HECM Second Appraisal Protocols Become Automated Effective November 30
A New Proprietary Product Option for Your Reverse Mortgage Clients
Finance of America Reverse this week introduced HomeSafe® Second, the first-ever second lien reverse mortgage and the latest addition to its proprietary HomeSafe suite of products. In an … more A New Proprietary Product Option for Your Reverse Mortgage Clients
Why Transportation Costs Should Be Part of the Borrower Conversation
By Edward Seiler, PhD For older adults, determining the best place to live includes both affordability and location. The two considerations are not independent. We all need access … more Why Transportation Costs Should Be Part of the Borrower Conversation
One Reverse Jumps Into the Proprietary Arena
This week, One Reverse Mortgage’s President and CEO, Gregg Smith, announced his company’s new proprietary product, Home Equity Loan Optimizer (HELO). The product is currently available through One … more One Reverse Jumps Into the Proprietary Arena
Now on Facebook: What is a Reverse Mortgage?
Watch and share this brief video introduction to reverse mortgages on NRMLA’s Facebook page. The 86-second video links to NRMLA’s consumer education website www.reversemortgage.org. A version of “What is a Reverse … more Now on Facebook: What is a Reverse Mortgage?
It’s not time to get out of the business; it’s time to get out and talk to more people
It was part pep talk, part information sharing. For almost two hours, a panel of veteran loan originators spoke to attendees of NRMLA’s 2018 Eastern Regional Meeting in … more It’s not time to get out of the business; it’s time to get out and talk to more people
NRMLA Article: Reverse Mortgages Can Help Caregivers Pay for Parents’ Long-Term Care Needs
As part of our ongoing consumer outreach efforts, NRMLA distributed a feature article that helps educate families who are struggling to pay for their parents’ homecare needs about … more NRMLA Article: Reverse Mortgages Can Help Caregivers Pay for Parents’ Long-Term Care Needs
Be Careful With Your Marketing
The Consumer Services Division of the Washington State Department of Financial Institutions (DFI) has charged a reverse mortgage lender with false, deceptive and misleading advertising practices. The Statement … more Be Careful With Your Marketing
NRMLA Answers Top Reverse Mortgage Questions in Kiplinger’s
A new advertorial from NRMLA, “Today’s Reverse Mortgages: Flexible, With a Lot of Built-in Protection” will appear in the October 2017 issue of Kiplinger’s Personal Finance magazine, a … more NRMLA Answers Top Reverse Mortgage Questions in Kiplinger’s