Below is a tracking chart showing all legislation introduced so far this year by state legislatures that impacts reverse mortgages.

FHA insured 7,629 reverse mortgages in January (32,418 overall for FY 2010), compared with 9,858 loans endorsed a year ago (37,511 total).

Following is a more detailed analysis of the monthly HECM data published by HUD prepared by Reverse Market Insight.

Below is data provided by HUD that includes loan endorsements by state from 1990 to the present, interest rate and borrower statistics.

In this section is a list of presentations from NRMLA's 2010 Roadshow in Atlanta, February 24-26.

NRMLA, in concert with government affairs staff from member companies, is meeting with state officials to address legislation introduced in Arizona, Florida and Maryland that impacts reverse mortgage lenders.

The NRMLA Servicing Committee reached a unanimous decision to adapt the NRMLA “Curative Approach” white paper as industry best practices in the handling of those cases that reach a default status due to non-repayment of advances for Taxes and/or required Insurance.

To better understand the current lending environment that we're operating in, it's important that members have access to the various speeches, reports and articles dealing with reverse mortgages that have been published recently.

NRMLA submitted comments to the Federal Financial Institutions Examination Council (FFIEC) on proposed new guidelines that regulated financial institutions offering reverse mortgages would need to follow to better manage compliance and reputation risks.

On February 15, FHA lenders and brokers will be playing by a new set of rules when ordering appraisals.

NRMLA is presenting a series of complimentary webinars on the Hot Button Issues, those subjects that most frequently rear their ugly heads and hurt us all.

Report from the front lines; The Challenge of Selling in California; Analyzing California's Reverse Mortgage Laws; The Next Cornucopia: Condos; Just Say No: Deals to Walk Away From

NRMLA update on timing of budget proposal.

For the reverse mortgage business, the highlights of HUD’s proposed budget for fiscal year 2011 includes a subsidy of $250 million for the MMI/HECM fund, an increase in the ongoing annual Mortgage Insurance Premium (MIP) from .5% to 1.25% and a low-to-mid single digit cut in the principal loan limit with the higher end affecting older borrowers.

Following is a Q&A developed by NRMLA covering some of the most important rules and regulations that pertain to counseling.

On Wednesday, December 30, NRMLA submitted comments to HUD in response to the Proposed Rule eliminating FHA approval of correspondents, increasing net worth requirements for lenders and shifting responsibility for overseeing brokers to lenders.

Below is a summary prepared by NRMLA's legal counsel James Milano of Weiner, Brodsky, Sidman, Kider, P.C., detailing several important legal changes that will become effective either on January 1, 2010 or early in 2010.