Last week NRMLA announced that the Financial Services Committee Chairman Barney Frank (D-MA) planed to bring “The American Housing Rescue and Foreclosure Act” to the House floor for a vote.  NRMLA said the plan was a “rollup” piece of legislation that includes a number of housing related matters, including FHA Modernization.
The legislation includes the recent […]

The major news that came out of the NRMLA event in Philadelphia was regarding the FHA Modernization bill and how it would apply to reverse mortgages.  Below is an overview of what Peter Bell told us: 

Agreed on a compromise that would replace the 1.5% fee cap in the pending bills with an alternative position. 
The alternative […]

On the industry panel “Where Is the Capital Coming From?” at the recent NRMLA event, one venture capitalist said he was willing to invest in practically any aspect of the reverse mortgage business.  In the article Reverse Mortgages Called a Sure Thing (Subscription Required) from the National Mortgage News Diogo Teixeira of the Revmore Investment […]