In case you missed it… here’s what happened in reverse mortgage news this week.
NRMLA held its West Coast regional conference. Outpacing last year’s attendance, the NRMLA conference in Irvine, California drew 260 professionals from across the nation to talk reverse mortgage topics including working with financial planners, private equity investments, the CFPB and more.
During the conference … NRMLA proposed a borrower assessment financial assessment to HUD. The assessment would identify certain “high risk” borrowers who would have to meet certain criteria or undergo additional requirements before getting a reverse mortgage.