Having enough money saved for retirement is one of the biggest financial challenges Americans face. With the central role that 401(k)-type plans have come to play, those who … more Survey: 31 Percent of Workers Do Not Have Access to Workplace Retirement Savings Plans
Reference Section
Member Spotlight: Sue Pomfret, CrossCountry Mortgage
Sue Pomfret has spent over 30 years in the mortgage business and was one of the first people in Rhode Island to originate a HECM in 1989 during … more Member Spotlight: Sue Pomfret, CrossCountry Mortgage
FHA Updates SF Handbook 4000.1
This week, the Federal Housing Administration updated its Single Family Housing Policy Handbook 4000.1 with new policy guidance, clarifications, corrections and changes to SF Handbook Section I (Doing Business with … more FHA Updates SF Handbook 4000.1
HMBS June 2019 Part II: HMBS Float Resumes Shrinkage
Outstanding HMBS fell by nearly $200 million in June, as low issuance, high payoffs, and an absence of highly seasoned issues took their toll. Payoffs once again totaled … more HMBS June 2019 Part II: HMBS Float Resumes Shrinkage
NRMLA End of State Legislation Calendar Year Update and ReportMembers Only
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Member Spotlight: Jerry E. Robinson, 1st Choice Mortgage Company
Meet Jerry Robinson, broker/owner of 1st Choice Mortgage Company based in Meridian, ID. In addition to offering reverse mortgages for the past ten years, Jerry originates 15 other … more Member Spotlight: Jerry E. Robinson, 1st Choice Mortgage Company
NRMLA Suggests Improvements to Defect Taxonomy and Form 92900-A
NRMLA submitted two letters to the Department of Housing and Urban Development this past week that recommended adding HECM-specific improvements to FHA’s Defect Taxonomy and Addendum to the … more NRMLA Suggests Improvements to Defect Taxonomy and Form 92900-A
New York Legislature Passes Reverse Mortgage LegislationMembers Only
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HECM Endorsement Analytics – June 2019
HUD recently released its June 2019 HECM Endorsement Summary Reports, our summary of which can be found here: NV Endorsement Report 2019_06. The report shows a total of … more HECM Endorsement Analytics – June 2019
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.