HUD’s Office of Housing Counseling contacted NRMLA this week and asked us to remind members that lenders are not permitted to collect a fee or take a final … more Compliance Corner: No Fees Prior to Having a Signed Counseling Certificate
Reference Section
HMBS April 2022 Part II: April May but May June?
HMBS payoffs continued in April, as the refinancing wave diminished slightly but refused to ebb. Instead, April payoffs totaled $1.3 billion, just short of March 2022’s record $1.5 … more HMBS April 2022 Part II: April May but May June?
CFPB Report Highlights Lender Violations
In its latest Supervisory Highlights report, the Consumer Financial Protection Bureau emphasized violations involving Loan Officer Compensation and Changed Circumstances that NRMLA felt should be shared with the membership. The … more CFPB Report Highlights Lender Violations
Member Spotlight: Wendy Oshiro, CRMP, Mutual of Omaha Mortgage
To help foster member engagement, NRMLA will publish periodic Member Spotlights that feature professionals from across the reverse mortgage ecosystem. In this issue, we present loan originator Wendy … more Member Spotlight: Wendy Oshiro, CRMP, Mutual of Omaha Mortgage
From the Top: Clay Selland, CRMP, President, Signet Reverse Mortgage
Clay Selland, CRMP, began his professional career as a certified public accountant with a national firm, which led to senior finance and strategy roles with Longs Drug Stores, … more From the Top: Clay Selland, CRMP, President, Signet Reverse Mortgage
Member Spotlight: Anissa Palmatier, CRMP, Reverse Mortgage Funding LLC
To help foster member engagement, NRMLA will publish periodic Member Spotlights that feature professionals from across the reverse mortgage ecosystem. We present Anissa Palmatier, CRMP, Midwest Regional Account … more Member Spotlight: Anissa Palmatier, CRMP, Reverse Mortgage Funding LLC
Piecemeal Reform Won’t Solve the U.S. Retirement Crisis
In a recent opinion piece, the editor’s at Bloomberg expressed strong opinions about the shortcomings of America’s retirement system and what Congress needs to do fix these problems. … more Piecemeal Reform Won’t Solve the U.S. Retirement Crisis
AARP to Congress: HUD Should Require More Generous Loss Mitigation Options to Help HECM Borrowers
Testifying before the Senate Banking Committee, Shannon Guzman (pictured), Senior Strategic Policy Advisor at AARP Public Policy Institute, recommended that the Department of Housing and Urban Development improve … more AARP to Congress: HUD Should Require More Generous Loss Mitigation Options to Help HECM Borrowers
Using Home Equity Improves Retiree Health
While the strategic use of home equity can provide financial relief for retirees, a new study co-authored by Ohio State University researcher Stephanie Moulton finds that it is also … more Using Home Equity Improves Retiree Health
HUD Replaces FIT and Benefits Check Up
The Financial Interview Tool (FIT) used by HECM counselors to create a budget and the Benefits Check Up tool to identify local resources for reverse mortgage borrowers have … more HUD Replaces FIT and Benefits Check Up
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