New reverse mortgage disclosure forms are being drafted, representatives for the National Reverse Mortgage Lenders association told regional conference attendees in New York last week. In an effort to work with the Consumer Financial Protection Bureau and its overall initiative to revamp all mortgage disclosure forms under a Dodd-Frank rule to combine the Truth in Lending [...]

There may be a future for a new Federal Housing Administration hybrid reverse mortgage product, according to statements made today by representatives for the National Reverse Mortgage Lenders Association at the group’s eastern regional meeting in New York City. The potential comes after the NRMLA board held recent meetings in Washington, D.C. with White House economic [...]

NRMLA has launched a new initiative for all its reverse mortgage lender-members to implement in the coming weeks. The new effort, coined a “Pledge to Borrowers,” restates NRMLA members’ commitment to working with borrowers in a way that’s representative of the association’s code of ethics and conduct. The Pledge is the result of work by [...]

While the Consumer Financial Protection Bureau has yet to do much in the way of reverse mortgage examination or enforcement, the agency will be making an impact on the industry now that it has its full authority, representatives from the National Reverse Mortgage Lenders Association told attendees of a webinar Tuesday. “Now that it has [...]

The National Reverse Mortgage Lenders association has launched a new industry-facing blog at nrmla.blogspot.com. The first post, written by NRMLA President and CEO Peter Bell outlines the Department of Housing and Urban Development budget proposal announced this week and its impact on the Federal Housing Administration’s reverse mortgage program. “What does this mean for our [...]

A New Mexico Senate bill has loss mitigation implications that would impact reverse mortgage borrowers in the state and the National Reverse Mortgage Lenders Association has expressed formal concerns about the bill moving forward. In a letter sent January 27 to Sen. Michael Sanchez (D-N.M.), NRMLA stressed concerns regarding the Mortgage Fair Foreclosure Act, which [...]