While 401(k) balances are growing, an increasing number of retirement savers are using their retirement accounts for financial emergencies. A new survey published by the Transamerica Center for … more U.S. Workers Tapping Retirement Accounts At Increasing Rates
Reference Section
Guidance for HECM Certified Housing Counselors
HUD’s Office of Housing Counseling announced that the Home Equity Conversion Mortgage (HECM) Client Budget and Resources Identity Tool (CBRIT) is no longer available. To continue providing quality … more Guidance for HECM Certified Housing Counselors
FHA Rescinds Anti-Discrimination Appraisal Policies
The Federal Housing Administration rescinded three mortgagee letters that had sought to reduce discrimination in the appraisal process but which the Trump administration argued had created barriers and … more FHA Rescinds Anti-Discrimination Appraisal Policies
Fidelity: Retirement Account Balances Increase Year-Over-Year
Fidelity Investments’ latest Q4 2024 retirement analysis shows that retirement savers experienced a year of growth in 2024. While retirement account balances dipped slightly from Q3 2024, the average 401(k) … more Fidelity: Retirement Account Balances Increase Year-Over-Year
NRMLA Seeks Revision to WA State Legislation
NRMLA submitted a letter to lawmakers requesting a revision to Senate Bill 5686, so that it more closely matches Washington’s reverse mortgage laws. Dig Deeper: SB 5686 would, … more NRMLA Seeks Revision to WA State Legislation
NRMLA Asks HUD to Extend ORCA Initiative to HECM
NRMLA has asked the Department of Housing and Urban Development to consider extending its Optional Reimbursement Claim Alternative (ORCA) to the HECM program. Earlier this year, HUD published … more NRMLA Asks HUD to Extend ORCA Initiative to HECM
HUD Extends Foreclosure Relief to CA Homeowners
The Department of Housing and Urban Development announced a 90-day extension of its foreclosure moratorium on FHA-insured mortgages, including HECMs, for areas of Los Angeles County devastated by … more HUD Extends Foreclosure Relief to CA Homeowners
NRMLA Submits Letter Opposing MD Senate Bill 831
Why it matters: Maryland SB 831, as drafted, requires reverse mortgage lenders to establish escrow accounts so that loan proceeds can be used to pay for property taxes, … more NRMLA Submits Letter Opposing MD Senate Bill 831
Member Spotlight: Kathie Adler, CLIFFCO Mortgage Bankers
To help our members get to know one another, NRMLA publishes periodic Member Spotlights featuring professionals from across the reverse mortgage ecosystem. Meet Kathie Adler, a loan officer … more Member Spotlight: Kathie Adler, CLIFFCO Mortgage Bankers
House Prices Increase Year-Over-Year
U.S. house prices rose 4.5 percent between the fourth quarters of 2023 and 2024, according to the Federal Housing Finance Agency (FHFA) House Price Index, and 1.4 percent … more House Prices Increase Year-Over-Year
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