Today, the U.S. Census Bureau released new statistics in its Vintage 2022 Population Estimates that show the nation’s median age increased by 0.2 years to a record 38.9 years between … more U.S. Median Age Hits Record High
Reference Section
FHA Publishes Documents In New Languages
The Federal Housing Administration published more than 30 single-family mortgage documents and related resources used in the origination of FHA-insured mortgages, including HECMs, in Chinese, Korean, Spanish, Tagalog, and Vietnamese. … more FHA Publishes Documents In New Languages
New CO Law Protects Borrowers Impacted By Disasters
Colorado Governor Jared Polis signed legislation (House Bill 1266) into law on June 7 that provides new protections for reverse mortgage borrowers who have to vacate their properties … more New CO Law Protects Borrowers Impacted By Disasters
U.S. Older Population Grew at Fastest Rate in 130 Years
The U.S. Census Bureau released new statistics from the last census taken in 2020 that revealed the U.S. population 65+ grew nearly five times faster than the total population between … more U.S. Older Population Grew at Fastest Rate in 130 Years
Ginnie Mae Issues LIBOR Transition Guidance
Ginnie Mae published guidance for issuers on the transition of all outstanding HECM Mortgage-Backed Securities tied to the London Interbank Offered Rate (LIBOR) to the Secured Overnight Financing … more Ginnie Mae Issues LIBOR Transition Guidance
From the Top: Paul Francom, CRMP, Reverse Mortgage Operations Manager, Academy Mortgage
Paul Francom may never have become a reverse mortgage executive and advocate had it not been for his grandmother. While in high school, and later college, Francom worked … more From the Top: Paul Francom, CRMP, Reverse Mortgage Operations Manager, Academy Mortgage
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
From the Top: Mark Reeve, Vice President, Head of Reverse Mortgage Lending, Plaza Home Mortgage
In the mid-2000s, Mark Reeve co-owned a mortgage brokerage company in southern California that sold forward mortgages to Plaza Home Mortgage, Inc., San Diego. When Reeve closed shop … more From the Top: Mark Reeve, Vice President, Head of Reverse Mortgage Lending, Plaza Home 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
You Have a Reverse Mortgage: Know Your Rights and Responsibilities
The Consumer Financial Protection Bureau released a new guide for older homeowners called You have a reverse mortgage: Know your rights and responsibilities. The new guide is the latest tool … more You Have a Reverse Mortgage: Know Your Rights and Responsibilities
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