New Speakers Added to NRMLA Annual Event

In less than one week, reverse mortgage professionals from around the country will gather in New Orleans for the 2010 National Reverse Mortgage Lenders Association Annual Meeting and Expo.

The event, which takes place November 3 through 5 at the Roosevelt New Orleans, will feature over 30 exhibitors, 21 informative sessions, and 78 speakers from 46 different companies.

The association announced new speakers including Paul Spindt, Keehn Barry Chair Professor at the Freeman School of Business at Tulane University, who will discuss the economy and Colin Cushman, Financial Economist at HUD, the person responsible for engineering the HECM Saver.

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They will be joining Ginnie Mae President Ted Tozer, FHA Commissioner David Stevens, and Deputy Assistant Secretary Vicki Bott to discuss the future of the industry.

Additionally, the National Mortgage Licensing System and Registry (NMLS) approved NRMLA as an official course provider enabling licensed mortgage loan originators to earn continuing education credits for the SAFE Act at future NRMLA events. To learn more about the event, see here.

Written by Kelly Mellott

Editors Note:  RMD will be there covering the event and doing interviews, have something to say?  Let us know.

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  • 10.29.10
    Dear NRMLA Leaders and Lenders and especially Ginnie Mae President Ted Tozer, FHA Commissioner David Stevens, and Deputy Assistant Secretary Vicki Bott:
    Congratulations on your convention and the home equity conversion mortgage (HECM) packages implemented by HUD-FHA during the past year. Unfortunately, contrary to the intent of the Housing Economic Recovery Act of 2008 (HERA) that HECMs be implemented for “single family, condominium and stock cooperative ” dwelling units, owner-occupied co-ops have become the evil step-parent of housing. While they (429,000 reports the Census Bureau) and their over million family members economically struggle during the worst recession since the 1930s because HUD has failed to implement co-op HECMs, owners of single family homes have HECM access.
    HUD did have an insured co-op Home Saver program, for which the Secretary promptly sent a Mortgage Letter to lenders for cancellation by January 1, 2009. Home Saver was unavailable by fall 2008 with a co-op HECM replacement unavailable to this date. As lenders and housing officials, you must realize this HECM deprivation demeans that property value is diminished for all over four-hundred thousand co-op units, whether or not an owner desires a HECM. In this down housing market, your assistance in influencing HUD action—taking co-op HECMs off the “back burner”—would be invaluable to the economic and even physical health of older Americans struggling to stay afloat in this economy. It would certainly provide many thousands of new reverse mortgage loan opportunities. Please take action during this NRMLA Annual Meeting to expedite action regarding a co-op HECM package.

    Best for your NRMLA event,
    Barbara B. Howard ChangeManager@comline.com
    Cofounder HECMs for Co-ops GROUP at Laguna Woods CA
    http://ChangeManager-ADR.net/ • 949 855.3990

    • Barbara,

      Well stated. Unfortunately as you know you are appealing to the wrong group.

      I know you personally and your organization feel “persona non grata” with HUD but their national office is the right group to appeal to as you well know. Even though you are welcome here, this website is not part of NRMLA or HUD.

      You have also expressed your feeling about being abandoned by Senators Boxer and Feinstein along with Representative John Campbell. It is sad your group is so active but finds so little support from others in a similar situation in other states.

      Best wishes for a speedy and positive resolution.

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