The most important consumer protection built into the reverse mortgage program is the requirement that a prospective borrower must first meet with an exam-qualified, independent third-party counselor approved by … more Complying with FHA’s HECM Counseling Guidelines: Frequently Asked Questions
Early in her career, Lyn Coffin, CRMP, was the closing notary for a real estate law firm, and she loved facilitating paperwork signings. When a loan officer position … more Member Spotlight: Lyn Coffin, CRMP, Mortgage Network, Inc.
A new article from AARP highlights how criminals have been phoning people, posing as real Social Security officials and flaunting fake badge numbers, to persuade victims to give … more Social Security Impostors Take Scams to the Next Level
Pamela and Mac Tennant, co-founders and owners of Access Reverse Mortgage Corp. of Clearwater, FL, and two of the first CRMPs in the state, have been working together … more Member Spotlight: Pam and Mac Tennant, CRMPs
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
The Federal Housing Administration extended through December 31 COVID-19 policies for verifying self-employment and rental income. Details were provided in Mortgagee Letter 2020-40 and impact both FHA forward … more FHA Extends Guidance For Verifying Self-Employment and Rental Income
With input from the HUD Issues Committee, NRMLA submitted comments to the Department of Housing and Urban Development this week that recommended the FNMA-1009 be replaced by the … more NRMLA Proposes Improvements to HECM Loan Docs
With input from the HUD Issues Committee, NRMLA recommended further changes to Forms HUD-9991 and HUD-9992 and that fees charged by condominium associations for completing these forms be … more NRMLA Proposes Improvements to Condo Forms and Policies
The Department of Housing and Urban Development has just announced the re-extension of exterior-only appraisals for case numbers assigned on or before October 31, 2020. Details were provided … more FHA Extends Exterior Appraisals
The following section lists the primary regulations pertaining to the FHA’s Home Equity Conversion Mortgage Program, used by compliance, underwriting and servicing staff.