In response to the email NRMLA sent out the other day regarding the forthcoming implementation of the new HECM loan limits, they received a number of questions and forwarded them to HUD. The following four bullet points are “verbatim” answers NRMLA received from Meg Burns in an email message that she sent out to […]

The Reverse Mortgage Report (RMR) just published that the Mortgage Bankers Association is forming a 15 member task force to help establish standards for the reverse mortgage business.  The task force will be lead by former MBA Chairwoman Regina Lowrie, who is the CEO of Vision Mortgage Capital of Pennsylvania.
According to Lowrie and MBA […]

A recent article from Financial Planning discusses how retirees with 401(k)’s are faced with the question of how to structure their assets to avoid running out of money.  This becomes even more important with the turmoil in the financial markets and a reverse mortgage can be a great resource to help accomplish this.   
Some […]

Below you will find the top HECM lenders through September in 2008. Be sure to check out the sample report which breaks down the top lenders even more at the bottom.

No Mortgagee Letter yet for the new single national loan limit for HECMs, but according to NRMLA’s latest alert we are getting close.  Yesterday, NRMLA sent an email stating that the Office of Single Family Housing hopes to complete drafting the Mortgagee Letters (one for loan limits and one for origination fee caps) and place […]