Reverse Mortgage Jan-Feb 2021

Those We Help Condo’s reverse mortgage provides safety net By Darryl Hicks 32 Features 16 Now What? With the 2020 election over, experts gauge political winds By Thomas A. Barstow 24 LIBOR Issues Explained The new year brings technical change to interest rate calculations By Joel Berg 27 Reports From HUD Officials outline HECM program changes By Mark Olshaker Columns 3 In Reverse Realism, with a dose of optimism By Thomas A. Barstow 5 Steve Irwin: Moving Forward Shifting landscapes: Virtual outreach continues through pandemic 6 Money Sense by Merrill Six tips for staying home in retirement Departments 2 Scribes Meet this edition’s contributors 8 What’s News Get up to date on the industry, the press and Washington, D.C. 34 Member News/Who’s Who in Reverse 36 Numbers Reports from RMI and New View Advisors indicate strong 2020 January-February 2021 Volume 14, No. 1 CRMP: Across the Kitchen Table Husband and wife team develop reverse mortgage business: A chat with Pamela and Mac Tennant, CRMPs By Mark Olshaker 16 PUBLISHER Peter Bell pbell@dworbell.com SENIOR EDITOR Thomas A. Barstow thomas.barstow@theYGSgroup.com ASSOCIATE EDITOR Darryl Hicks dhicks@dworbell.com MANAGING EDITOR Sam Hoffmeister samuel.hoffmeister@theYGSgroup.com COMMUNICATIONS COORDINATOR Jessica Hoefer STAFF WRITERS Mark Olshaker PRESIDENT Stephen Irwin NRMLA EXECUTIVE COMMITTEE CO-CHAIRS Scott Norman, Finance of America Reverse Reza Jahangiri, AAG DESIGNER Tara Roth ADVERTISING SALES Natalie Matter Bellis natalie.matterbellis@theYGSgroup.com Reverse Mortgage is the official publication of the National Reverse Mortgage Lenders Association. The magazine is published every two months. For inquiries regarding association membership and/or magazine subscriptions, please call Darryl Hicks at 202-939-1784. Advertising and editorial inquiries should be directed to Max Lalwani (max.lalwani@theYGSgroup.com ) and Sam Hoffmeister (samuel.hoffmeister@ theYGSgroup.com), respectively. Association & Subscription Contact: National Reverse Mortgage Lenders Association 1400 16th St., NW, Suite 420 Washington, DC 20036 202-939-1760 lross@dworbell.com Industry: www.nrmlaonline.org Consumers: www.reversemortgage.org Advertising & Editorial Contact: National Reverse Mortgage Lenders Association 1400 16th St., NW, Suite 420 Washington, DC 20036 202-939-1760 ©2020 National Reverse Mortgage Lenders Association Contents From the Top Terry Connealy, President, Mutual of Omaha Mortgage By Darryl Hicks 11

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