While needs continue to motivate those seeking reverse mortgages, in some cases the wider senior population may face more headwinds to their financial security than those seeking out reverse mortgages as a possible option according to NCOA research presented at the NRMLA Virtual Annual Meeting this month.
A bill that passed the U.S. House with bipartisan sponsorship but stalled in the Senate could be the key to alleviating some appraisal difficulties felt by the reverse mortgage industry, according to appraisal professionals.
A senior FHA official who oversees the HECM program will be delivering a keynote address to reverse mortgage professionals at an upcoming trade association virtual conference.
Collective senior housing wealth in the United States has reached another all-time high, giving another look at the potential power of its use in retirement.
The National Reverse Mortgage Lenders Association (NRMLA) has decided to keep a virtual format for its Annual Meeting and Expo this November due to the spreading Delta variant of the COVID-19 coronavirus.
Taking regulatory considerations into account to appraise the relationship between reverse mortgage professionals and financial planners may be important to better understand how to connect, says an industry legal professional.
A senior FHA official described to an audience of reverse mortgage professionals how the recently-passed American Rescue Plan will impact senior borrowers, and optimism surrounding FHA’s ongoing work with reverse mortgage practitioners and stakeholders.
Federal Housing Administration (FHA) Deputy Assistant Secretary (DAS) for Single Family Housing Julienne Y. Joseph provided an update on the performance of the Home Equity Conversion Mortgage (HECM) program, and offered additional thoughts about its importance to American seniors.
The National Reverse Mortgage Lenders Association (NRMLA) is still determining whether or not its Annual Meeting and Expo in November should remain virtual, or shift to an in-person format.
The National Reverse Mortgage Lenders Association (NRMLA) has submitted a letter to the U.S. Department of Housing and Urban Development (HUD) seeking clarification on recently-announced rules concerning non-borrowing spouses (NBS) in reverse mortgage loans.
