NRMLA publishes the “Servicing Corner” so that we can better educate our readers on the most commonly asked questions that loan officers ask about HECM servicing guidelines. This … more Servicing Corner: Being Out of the Home For Extended Periods
Reference Section
HUD Publishes LIBOR Transition Final Rule
The Department of Housing and Urban Development published a final rule today that replaces the London Interbank Offered Rate (LIBOR) as an approved index for new and existing adjustable-rate forward … more HUD Publishes LIBOR Transition Final Rule
From the Top: Mike Kent, President, Liberty Reverse Mortgage
Mike Kent was recently elected to a fourth term as co-chairman of the National Reverse Mortgage Lenders Association (NRMLA). He takes the role seriously. Along with his co-chair, … more From the Top: Mike Kent, President, Liberty Reverse Mortgage
Survey: Retirees Lost Ten Percent of Their Savings in 2022
The average retiree has $170,726 saved for retirement, or about ten percent less than the $191,659 they had at the start of 2022, according to a new Clever Real … more Survey: Retirees Lost Ten Percent of Their Savings in 2022
CFPB Publishes RESPA Section 8 Advisory Opinion
By Weiner Brodsky Kider, PC The CFPB published an Advisory Opinion on February 7, 2023, that sets forth the Bureau’s views on how RESPA Section 8 applies to Digital Mortgage … more CFPB Publishes RESPA Section 8 Advisory Opinion
EBRI: Some Couples May Need $383K For Future Healthcare
Couples with high prescription drug expenditures may need to save $383,000 to have a 90 percent chance of having enough money to cover their healthcare costs in retirement, … more EBRI: Some Couples May Need $383K For Future Healthcare
Member Spotlight: Rosemarie Litoff, CRMP, C2 Financial
To help our members get to know one another, NRMLA will publish periodic Member Spotlights that feature professionals from across the reverse mortgage ecosystem. Meet Rosemarie Litoff, CRMP, … more Member Spotlight: Rosemarie Litoff, CRMP, C2 Financial
GNMA Reduces Minimum Pool Size For HMBS
Ginnie Mae published APM 23-04, which reduces the minimum HECM Mortgage-Backed Security (HMBS) pool size, from $1 million to $250,000, to minimize the amount of time Issuers must carry … more GNMA Reduces Minimum Pool Size For HMBS
NRMLA Commenting On Appraisal Reconsideration Proposal
On behalf of its members, NRMLA recently submitted comments to the Federal Housing Administration in response to a proposed policy change that’s intended to help people seeking FHA … more NRMLA Commenting On Appraisal Reconsideration Proposal
More States Adopting Master Plans for Aging
Older adults prefer to age at home or in their community rather than assisted-living facilities or other institutional settings, but experts say that could be difficult or impossible … more More States Adopting Master Plans for Aging
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