Despite the challenges of 2020, the homeownership rate for households age 65+ increased by 0.6 percent in early 2021 to roughly 81 percent, according to the State of … more Homeownership Rate for 65+ Households Increases
Marketing / Origination
NRMLA Comments On LIBOR Transition and H4P Improvements
On behalf of its members, NRMLA submitted comments to the Department of Housing and Urban Development requesting that lenders and servicers be given 180 days to prepare for … more NRMLA Comments On LIBOR Transition and H4P Improvements
Academy Releases Model Compliance Language For Retirement Planners
The Academy for Home Equity in Financial Planning at the University of Illinois at Urbana-Champaign released compliance guidance that financial service companies (i.e., broker/dealers) can use to update … more Academy Releases Model Compliance Language For Retirement Planners
NRMLA: Targeted Advertising Should Not Be a Fair Lending Violation
In comments submitted to the Consumer Financial Protection Bureau this week, NRMLA encouraged the Bureau to clarify that age-targeted advertising is not a fair lending violation under the … more NRMLA: Targeted Advertising Should Not Be a Fair Lending Violation
FHA Issues Policy Guidance on Use of Third Party Verification Services
The Federal Housing Administration published Mortgagee Letter (ML) 2019-01:Third Party Verification Services, which provides guidance for the use of Third Party Verification (TPV) services as an alternative for verifying … more FHA Issues Policy Guidance on Use of Third Party Verification Services
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
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
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