NRMLA has developed a comparison chart to help members differentiate proprietary reverse mortgages offered by Finance of America Reverse, Reverse Mortgage Funding LLC, Longbridge Financial and One Reverse … more Proprietary Reverse Mortgage Comparison Chart
Marketing / Origination
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
Breaking News: FHA Increases HECM Lending Limit to $726,525
Beginning January 1, 2019 through December 31, 2019, the national lending limit for Home Equity Conversion Mortgages will increase to $726,525 from $679,650. Details were just announced in … more Breaking News: FHA Increases HECM Lending Limit to $726,525
FHFA Raises Conventional Loan Limit to $484,350; HECM Limit Still Unknown
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
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