The National Reverse Mortgage Lenders Association created, “What Do I Do When My Loan is Due?,” to walk reverse mortgage loan borrowers and their families through the end … more What Do I Do When My Loan is Due?
Resources
NCOA Collaborates with Google to Remove Ageism from Advertising
The National Council on Aging (NCOA) collaborated with Google to create a set of inclusive marketing resources to ensure that older adults are more authentically represented. Google’s inclusive … more NCOA Collaborates with Google to Remove Ageism from Advertising
Agencies Release Enhanced Version of “Money Smart for Older Adults
The Consumer Financial Protection Bureau and the Federal Deposit Insurance Corporation (FDIC) announced the joint release of an enhanced version of the award-winning financial education curriculum, Money Smart … more Agencies Release Enhanced Version of “Money Smart for Older Adults
Member Spotlight: Robin Loomis, CRMP, Bay Equity LLC
Robin Loomis has written reverse mortgages for people ages 62 to 100 “and everything in between.” The youngest gifted himself with a no-mortgage life by scheduling the closing … more Member Spotlight: Robin Loomis, CRMP, Bay Equity LLC
Member Spotlight: Alison Calamia, CRMP, America’s Mortgage Resource
In 1991, Alison Calamia was new to reverse mortgages. In a rush to spread the word about her business, she booked an appearance on a New Orleans morning … more Member Spotlight: Alison Calamia, CRMP, America’s Mortgage Resource
MA Lawmakers Approve Telephone/Video Counseling Extension
Massachusetts lawmakers passed legislation (SB 2472) that allows reverse mortgage borrowers to continue being counseled by phone or video through December 15, 2021. During the extension period, … more MA Lawmakers Approve Telephone/Video Counseling Extension
Homeownership Rate for 65+ Households Increases
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
NRMLA Urges MA Lawmakers to Pass Counseling Bill
NRMLA submitted a letter to the leadership of the Massachusetts legislature urging lawmakers to expedite the passage of House Bill 1146, which would permanently allow video or telephonic … more NRMLA Urges MA Lawmakers to Pass Counseling Bill
Compliance Corner: No Fees Prior to Having a Signed Counseling Certificate
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
FHA Announces Catalyst Enhancements for HECM
The Federal Housing Administration implemented enhancements to the FHA Catalyst: Case Binder Module that will enable mortgagees to more quickly, securely and accurately deliver case binders for single-family … more FHA Announces Catalyst Enhancements for HECM