NRMLA announced that on Friday, the Senate passed yet another housing bill (H.R. 3221) that includes Federal Housing Administration ("FHA") reform; Tax relief for homeowners; $300 billion for a mortgage refinance program to assist borrowers at risk of foreclosure into affordable loans; and Creation of a new regulator to oversee Fannie Mae and Freddie Mac.
The […]

Mortgage Banking Magazine recently published a new feature article written by Marc Helm, the COO of Reverse Mortgage Solutions.  Helm discusses his experience traveling to both the recent NRMLA and Mortgage Bankers Association reverse mortgage events and the wide range of attendees looking to enter the business.  To read a copy of the article […]

The Hill is reporting that the financial services industry is dueling with AARP over language in the Senate housing bill that would affect the reverse mortgage and insurance business.  The bill would prevent providers of reverse mortgages from selling borrowers another investment from the proceeds of the loan.  Reverse mortgage and insurance providers argue […]

Earlier this week Nightly Business Report ran a feature story on reverse mortgages as part of their “Get Your Finances Ready for Retirement” segment.  PBS correspondent Connie Hicks takes a look at reverse mortgages by talking with different people including a couple from Washington, DC who recently took out a reverse mortgage.
Hicks talks with Diana […]

Today NRMLA sent out an urgent notice to all members about a major housing bill that includes important amendments to the HECM program, including establishing a single national loan limit, which is about to be brought to the Senate floor for consideration. It appears that this bill might raise the maximum FHA loan limit […]