NRMLA Seeks Guidance on Non-Borrowing Spouse Rules

The National Reverse Mortgage Lenders Association (NRMLA) last week submitted comments to the Department of Housing and Urban Development (HUD) seeking guidance on individuals impacted by recent non-borrowing spouse rules.

Following the publication of Mortgagee Letter 2014-07 in late April, HUD filed a formal request for comments on the rule changes, which specify that non-borrowing spouses can defer the repayment of their spouse’s reverse mortgage in the event the spouse passes away or needs to move from the home. The rule applies only for new case numbers assigned after August 4. 

NRMLA sent 25 questions and comments to HUD after the federal agency published a notice in the Federal Register inviting the public to submit its own inquiries by June 2. 


In its comments, NRMLA requested that principal limit factors remain at their current levels for borrowers and non-borrowing spouses aged 62 and older. 

The industry group also asked HUD to clarify if it will be providing a form or certificate for servicers to distribute annually to determine if a non-borrowing spouse is still occupying the property, as well as the associated timelines.

View NRMLA’s complete list of submitted questions and comments here.

Written by Jason Oliva

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  • Great list of questions, however, I would put more emphasis on the need to give the borrower the choice either to leave the non-borrowing spouse off or on the documents. If it would be a must to include the non-borrowing spouse in the factoring tables, I see many problems down the road.

    However, the list was good overall, I would like to see what the response will be to NRMLA’s questions and the rest that made comments, I was one of them.

    John A. Smaldone

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