The Member Spotlight profiles thought leaders in the reverse mortgage space, seasoned and new, to get their insights on current issues. Meet Cory Williams, CEO of Springwater Capital, … more Member Spotlight-3 Questions for Cory Williams
Teresa Maines has been a part of the reverse mortgage industry for nearly 27 years and a HECM Direct Endorsement Underwriter for more than 20 years. She is … more Member Spotlight: 3 Questions with Teresa Maines
The Member Spotlight profiles thought leaders in the reverse mortgage space, seasoned and new, to get their insights on current issues. Meet Bonnie Wallace a Branch Manager at … more Member Spotlight: 3 Questions with Bonnie Wallace
New to the Weekly Report – The Member Spotlight will profile thought leaders in the reverse mortgage space, seasoned and new, to get their insights on current issues. … more Member Spotlight: Chris Downey, Harbor Mortgage Solutions
HUD’s Office of the Inspector General issued an “Integrity Bulletin” today warning reverse mortgage lenders that they have identified instances of fraudulent appraisals being used to increase HECM … more Member Alert: HUD’s Inspector General Publishes Alert On HECM Refinancings
NRMLA was recently made aware that the North Carolina Commissioner of Banks posted an FAQ on its website indicating that telephone counseling is permissible under the state’s Reverse … more Telephone Counseling Permitted in North Carolina
HUD has published the long-awaited HECM counseling protocol. We’ve summarized some of the important parts and provided a copy to download. At the bottom of the memo is an update published by FHA that noted some inconsistencies in the protocol.
In a memo to counseling agencies, the Department of Housing and Urban Development clarified that there is no cap or maximum amount that can be charged for HECM … more HUD Reiterates Policies on HECM Counseling Fees
In states like Florida and California with large senior populations, an increasing number of elderly homeowners are placing all or most of their assets—including their home—into a trust for tax and estate planning purposes.
Massachusetts’ Division of Banks confirmed with NRMLA’s outside legal counsel that those seniors who received counseling on or before July 31, do not have to be re-counseled in-person.