$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 […]
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 […]
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 […]
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 […]
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 […]
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. […]
A rebuttal to an investigative article released this week by USA Today has been published in the form of an editorial also released in the national news outlet, written by the Chief Executive Officer of the National Reverse Mortgage Lenders Association (NRMLA). In the editorial, titled “A reverse mortgage can be a lifesaver,” Peter Bell […]
Creating a path to success in today’s reverse mortgage marketplace will be a major theme for the National Reverse Mortgage Lenders Association’s spring conference this year. NRMLA’s Western Regional Conference, taking place March 25-26 in Huntington Beach, Calif., features a programming schedule consisting of discussions around collateral risk assessments, marketing best practices and economic factors, […]
The reverse mortgage industry has had to endure multiple significant changes over the last 18 months, but the arrival of a new rule that opened the possibility for a property to require a second appraisal had the potential to notably impact both lenders and borrowers. With five months of second appraisals, the industry has taken […]
Senior homeowners saw an increase in their housing wealth of 1.4 percent between Q2 and Q3 2018. This, according to the National Reverse Mortgage Lenders Association’s quarterly release of the NRMLA/RiskSpan Reverse Mortgage Market Index (RMMI) on Tuesday. The 1.4 percent increase results in a gain of $97 billion to senior home wealth over the […]
