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 industry for the rest of the year? That business can continue as is without us having to fight for an appropiation or to preserve the loan limits or maintain the current MIP premium,” Bell writes.
The blog will likely include contributions from other NRMLA staff in the future, says Marty Bell, NRMLA communications director.
“It’s another way for us to update the membership as news and events break,” he says. “And it gives us some space to share deeper thought on what breaking events may mean.”
For now, NRMLA views the blog as a place for up-to-date news, but sees that the blog is a living thing and can continually alter its own shape.
Written by Elizabeth Ecker