Drawing more than 500 attendees from across the country, the National Reverse Mortgage Lenders Association annual meeting and expo that took place this week in Boston presented timely topics, access to policymakers and an important decision: the industry trade group has advised its members of recommended guidance on light underwriting for tax and insurance on [...]

As a consumer-facing resource to help reverse mortgage borrowers as well as lenders throughout the industry, the National Reverse Mortgage Lenders Association has announced the launch of a communications campaign including new messaging and marketing materials through its website and in print. “For those of you who are tired about reading misperceptions…we have a tool [...]

The 31-member board of directors of the National Reverse Mortgage Lenders Association and its special financial assessment task force today approved and published guidance on limited underwriting for property charges for HECM lenders. “NRMLA members are encouraged, but are not required, to follow NRMLA guidance including this guidance of limited underwriting of property charges,” said [...]

The National Reverse Mortgage Lenders Association (NRMLA) 2011 Annual Meeting & Expo in Boston is coming up next month, promising to offer a thorough look into what’s new in the reverse mortgage world, as well as some surprises. In addition to presentations from Department of Housing and Urban Development leadership and representatives from the financial [...]

With the reverse mortgage industry starting to make strides in an effort to preventing tax and insurance defaults for HECM borrowers through a financial assessment, some industry players are beginning to shed light on the problem—and its solution. While some fear an industry-wide financial assessment geared toward preventing tax and insurance defaults could rule out [...]

A special task force has been appointed by the National Reverse Mortgage Lenders Association to review the latest draft of the industry financial assessment that would be used to assess whether borrowers can meet the tax and insurance payments on their loans. The task force, a seven-member committee of NRMLA board members, will identify data [...]