NRMLA has developed a comparison chart to help members differentiate proprietary reverse mortgages offered by Finance of America Reverse, Reverse Mortgage Funding LLC, Longbridge Financial and One Reverse … more Proprietary Reverse Mortgage Comparison Chart
Reference Section
CFPB Highlights HECM Servicing in Supervisory Report
The Consumer Financial Protection Bureau published the 18th edition of its Supervisory Highlights this week that included an explanation of the timelines and processes that HECM servicers follow … more CFPB Highlights HECM Servicing in Supervisory Report
Increased Oversight of HECM Cited in President’s Budget
The Department of Housing and Urban Development’s Office of the Inspector General will expand its oversight of the HECM program, ensuring it does not pose undue risk to … more Increased Oversight of HECM Cited in President’s Budget
Senior Housing Wealth Exceeds $7 Trillion For First Time
Homeowners 62 and older saw their housing wealth grow by 1.4 percent or $98 billion in the fourth quarter to a record $7.05 trillion from Q3 2018, the … more Senior Housing Wealth Exceeds $7 Trillion For First Time
February 2019 Part II: HMBS Still Can’t Drive … 55 (Billion)
HMBS float fell as predicted to less than $55 billion in February as payoffs continue to outweigh falling issuance. Once again with just over $900 million in payoffs, … more February 2019 Part II: HMBS Still Can’t Drive … 55 (Billion)
5 Trends That Could Reshape Retirement
Changing family structures, longer life expectancies, increasing burdens on Medicare, an aging workforce and an emerging economy to address the growing 50+ population are among the demographic and … more 5 Trends That Could Reshape Retirement
February 2019: Groundhog Day for HMBS Market – Long Winter Ahead?
HMBS issuance fell in February 2019 to just under $491 million, the lowest issuance level in nearly 5 years. February issuance was consistent with the sharply lower issuance … more February 2019: Groundhog Day for HMBS Market – Long Winter Ahead?
Research Suggests Poverty Has Declined for Widows
Historically, widows have experienced higher poverty rates compared to married women, but that gap shrank from 1994 to 2014. According to a new Issue Brief published by the … more Research Suggests Poverty Has Declined for Widows
Appraisal Recording Changes Made in FHA Connection
This past Monday, March 25, FHA updated the Appraisal Logging screen and Appraisal Case Transfer screen in FHA Connection. The announcement was made in FHA Info #19-03. The … more Appraisal Recording Changes Made in FHA Connection
Member Spotlight: Harlan Accola, CRMP, Discusses Fairway’s Success With Reverse Mortgages
Four years ago, Harlan Accola, CRMP, convinced one of the nation’s largest forward mortgage companies, Fairway Independent Mortgage Corporation, based in Madison, WI, to start offering reverse mortgages. … more Member Spotlight: Harlan Accola, CRMP, Discusses Fairway’s Success With Reverse Mortgages