A new consumer brochure from the National Reverse Mortgage Lenders Association helps seniors and their loved ones recognize common scams and signs of financial exploitation. The free resource … more Recognize & Report Elder Financial Abuse
Resources
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
Update on HECM Counseling Certificate
NRMLA was contacted by HUD’s Office of Housing Counseling’s Senior Housing Program Specialist who asked us to advise our membership that the “Certificate of HECM Counseling” is still … more Update on HECM Counseling Certificate
Protect Your Clients During Financial Literacy Month
April is Financial Literacy Month, and in recognition, the National Council on Aging published an article that highlights eight tips for seniors to protect themselves from money scams. … more Protect Your Clients During Financial Literacy Month
Member Spotlight: Teresa Rose, CRMP, Western Ohio Mortgage Corp.
Every loan tells a story. Teresa Rose recalls the couple whose medical expenditures forced them to max out their credit cards. They neared bankruptcy until their daughter suggested … more Member Spotlight: Teresa Rose, CRMP, Western Ohio Mortgage Corp.
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
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