In addition to providing relief to taxpayers and businesses during the COVID-19 pandemic, the Coronavirus Aid, Relief, and Economic Security Act (CARES) that President Trump signed into law … more CARES Act Impacts on Retirement Plans
Reference Section
Massachusetts COVID-19 Bill Allows Counseling by Real-Time Video
Lawmakers in Massachusetts are considering a housing security bill (S. 2621) that protects renters and homeowners from eviction and foreclosure during the COVID-19 pandemic, and also permits real-time … more Massachusetts COVID-19 Bill Allows Counseling by Real-Time Video
2020 Q1 HMBS Issuer League Tables – AAG Extends Its Lead
AAG increased its lead in 2020Q1 HMBS issuer rankings, with $586.6 million of issuance and 28% market share. FAR moved up two places to second, with $412.6 million … more 2020 Q1 HMBS Issuer League Tables – AAG Extends Its Lead
FHA Provides Loss Mitigation Relief to HECM and Forward Borrowers
On Wednesday, April 1, the Federal Housing Administration published Mortgagee Letter 2020-06 to implement the mortgage forbearance provisions provided in the Coronavirus Aid, Relief, and Economic Security (CARES) Act that … more FHA Provides Loss Mitigation Relief to HECM and Forward Borrowers
HMBS March 2020: Issuance Tails Off
HMBS issuance totaled $625 million in March 2020, with a notable decline in tail pools accounting for much of the reduced volume. As the month wore on, the … more HMBS March 2020: Issuance Tails Off
Annual HECM Endorsement Chart
The following page shows annual HECM production from 1990 to the present by federal fiscal year and by calendar year from 2001 onward.
FHA Announces Appraisal Policy Updates
The Federal Housing Administration published Mortgagee Letter 2020-05, which permits FHA roster appraisers to use exterior-only or desktop-only appraisal inspections as a substitute for interior inspections for HECM for … more FHA Announces Appraisal Policy Updates
Reverse Mortgage Counseling in MA
NRMLA and our Massachusetts members have contacted the Division of Banks and the Executive Office of Elder Affairs and requested temporary relief from in-person reverse mortgage counseling requirements … more Reverse Mortgage Counseling in MA
Consumer Groups to FHA Commissioner: More Protections Needed For Reverse Mortgage Borrowers
While a 60-day moratorium on all foreclosures and evictions is “an important first step,” the National Consumer Law Center, along with 41 other consumer advocacy organizations, urged FHA … more Consumer Groups to FHA Commissioner: More Protections Needed For Reverse Mortgage Borrowers
Senate Passes $2 Trillion COVID-19 Relief Bill
By Jim MIlano, Weiner Brodsky Kider Late in the evening on March 25, 2020, the U.S. Senate passed H.R. 748, known as the Coronavirus Aid, Relief, and Economic … more Senate Passes $2 Trillion COVID-19 Relief Bill