July/August 2022 Reverse Mortgage Magazine

From the Top Sarah Cavanaugh, Senior Vice President, Operations-Retail, Finance of America Reverse By Darryl Hicks 12 Those We Help Reverse mortgage takes care of Colorado native By Darryl Hicks 33 Features 20 Equity Release Expands in Europe Cross-border funding remains a focus By Thomas A. Barstow 24 Adjusting to Higher Interest Rates What rising rates mean for reverse mortgages By Joel Berg 28 PAVEing the Way Appraisal companies stay proactive with Property Appraisal and Valuation Equity By Thomas A. Barstow 32 Special Feature Update on HECM Handbook Underway By Thomas A. Barstow Columns 3 In Reverse Halfway through 2022 and still much to do By Thomas A. Barstow 5 Steve Irwin: Moving Forward Globally, equity release products find acceptance 6 Board Room Fond memories of reverse mortgages prompt calls for innovations By Elly Johnson Departments 2 Scribes Meet this month’s contributors 8 What’s News Get up to date on the industry, the press and Washington, DC 34 Member News/Who’s Who in Reverse 36 Numbers CFPB outlines extent of medical debt held by seniors July-August 2022 Volume 15, No. 4 Contents PUBLISHER Peter Bell pbell@dworbell.com SENIOR EDITOR Thomas A. Barstow thomas.barstow@theYGSgroup.com ASSOCIATE EDITOR Darryl Hicks dhicks@dworbell.com MANAGING EDITORS Sam Hoffmeister samuel.hoffmeister@theYGSgroup.com Julia Berley julia.berley@theYGSgroup.com MANAGING EDITOR, DWORBELL, INC. Jessica Hoefer PRESIDENT Stephen Irwin NRMLA EXECUTIVE COMMITTEE CO-CHAIRS Scott Norman, Finance of America Reverse Michael Kent, PHH Mortgage Corp. dba Liberty Reverse Mortgage DESIGNER Emily Graf 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 Megan Brodbeck (megan.brodbeck@ 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 ©2021 National Reverse Mortgage Lenders Association CRMP: Across the Kitchen Table A chat with Nancy Everitt, CRMP and compliance professional By M. Diane McCormick 16

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