HUD Deputy Secretary: Reverse Mortgage Program Must Be ‘Built to Be Viable’

In a surprise late addition to the speaker lineup at the National Reverse Mortgage Lenders Association (NRMLA) Virtual Annual Meeting & Expo, association President Steve Irwin introduced Brian D. Montgomery, the deputy secretary of the U.S. Department of Housing and Urban Development (HUD) to address the attendees on the status of the Federal Housing Administration […]

Reverse Mortgage Industry Prepares to Convene for Virtual NRMLA Annual Meeting

The reverse mortgage industry is planning once again to convene for the National Reverse Mortgage Lenders Association (NRMLA) Annual Meeting & Expo, an industry gathering designed to offer reverse mortgage professionals an opportunity to both prepare for the coming year of business and assess the prior year’s performance. As with so many aspects of life, […]

NRMLA President on the Importance of Government Relations in Reverse Mortgages

As the reverse mortgage industry’s foremost advocacy and educational body, the National Reverse Mortgage Lenders Association (NRMLA) often interacts with stakeholders at every level of the business. From loan originators up through company executives, NRMLA’s membership encompasses a vast swath of the industry’s key players, but also has to interact on a regular basis with […]

NRMLA Sees Place for Alt. Equity Alongside Reverse Mortgages

The employment of a senior’s home equity in an effort to produce better retirement outcomes by either paying for expenses or increasing a retiree’s quality of life is a cornerstone of the messaging employed by the reverse mortgage industry. Increasingly, alternative equity tapping products are finding a place in the conversation, as several companies have […]

NRMLA: Federal Assistance Necessary for Puerto Rico Reverse Mortgage Borrowers

$5 million in federal Community Development Block Grant (CDBG) funds should be released to help Home Equity Conversion Mortgage (HECM) borrowers in Puerto Rico who are delinquent on paying their property taxes and insurance. This is according to a letter submitted to Puerto Rico Housing Secretary Luis C. Fernández-Trinchet, Esq. by the National Reverse Mortgage […]

Industry Meeting Signals ‘Exciting’ Time for Reverse Mortgages

The National Reverse Mortgage Lenders Association (NRMLA) is encouraged after a productive Annual Meeting last month in Nashville, Tenn., owing to a well-received programming schedule and enthusiasm among attendees for the event’s venue city. This is according to NRMLA’s recently-promoted President, Steve Irwin, in an interview with RMD. “Overall, the response to our recent annual […]

NRMLA Names New President, Board Members

In addition to naming incoming board members for the upcoming annual term, the National Reverse Mortgage Lenders Association (NRMLA) announced an executive leadership change Tuesday, naming former executive vice president Steve Irwin as president of the association. NRMLA Founder Peter Bell, who has long served the organization as President and CEO, will remain CEO of […]

Reverse Mortgage Industry Prepares to Convene for NRMLA Annual Meeting

The National Reverse Mortgage Lenders Association (NRMLA) is making the most pressing reverse mortgage insights and information a major theme of its upcoming national conference, bringing reverse mortgage professionals from across the country to discuss a series of contemporary issues facing the industry today. NRMLA’s Annual Meeting, taking place November 18-20 in Nashville, Tenn., features […]

An Inside Look at NRMLA, the Reverse Mortgage Trade Association

The National Reverse Mortgage Lenders Association (NRMLA) is the foremost advocacy and educational organization in the reverse mortgage industry, taking on a wide variety of responsibilities in an effort to educate potential borrowers and further legitimize the tapping of home equity as seniors try to determine the course of their financial futures. Steve Irwin, Executive […]

Senior Housing Wealth Reaches New High of $7.14 Trillion

Homeowners age 62 and older saw their collective housing wealth increase in Q1 2019 by 2.7 percent compared to the previous quarter. This constitutes an increase of approximately $104 billion to a record of $7.14 trillion, according to data provided by the National Reverse Mortgage Lenders Association (NRMLA) in conjunction with data analytics firm RiskSpan. […]