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Welcome to NRMLA

NRMLA serves as an educational resource, policy advocate and public affairs center for reverse mortgage lenders and related professionals.

Join NRMLA Today!

Become a member of the National Reverse Mortgage Lenders Association and join an elite group of individuals who are dedicated to helping America's seniors fulfill their retirement dreams.

Click here for more information on the benefits of a NRMLA Membership!

View the new NRMLA code of conduct

What's New

NRMLA/HUD Webinar on the Housing & Economic Recovery Act
August 7, 2008

NRMLA has made available the following exclusive video webinar involving senior management from NRMLA and HUD for members to learn how the new housing law directly impacts the HECM program and what the implementation deadline looks like.

HUD Provides Some Clarification on Implementation of New Loan Limits October 10, 2008

In response to the email we sent out the other day regarding the forthcoming implementation of the new HECM loan limits, we received a number of questions and forwarded them to HUD.

Exclusive HECM Endorsement Analysis October 9, 2008

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

HECM Loan Limit Updates October 7, 2008

As NRMLA has previously reported, last week FHA Commissioner Brian Montgomery announced the new single national loan limit for HECMs will be $417,000. We are continually getting more insight into implementation of this change and will report to you as information becomes available.

FHA HECM Claims Reports October 6, 2008

In this section, you will find information on HECM claims activity.

FHA Announces $417,000 HECM Loan Limit October 2, 2008

This morning, FHA Commissioner Brian Montgomery announced that the new HECM nationwide loan limit (maximum claim amount) will be $417,000. The target effective date is November 1.

HUD Approves Single National Loan Limit of $417,000 for Reverse Mortgage Program October 2, 2008

The National Reverse Mortgage Lenders Association announced today that the Department of Housing and Urban Development (HUD) approved a single national loan limit of $417,000 for federally insured Home Equity Conversion Mortgage (HECM) reverse mortgages.

Monthly HECM Production-2008 Record Year October 1, 2008

FHA endorsed 9,494 reverse mortgages in September, bringing the total amount for fiscal year 2008 to a record 112,154. By comparison, FHA insured 7,695 loans in September 2007 totaling a then-record 107,558.

Educating Your Client on Post-Closing Issues, a Learn While U Lunch Program

Our next scheduled program-Educating Your Client on Post Closing Issues-is scheduled for Tuesday, September 9, at 12 noon Eastern Time (11 a.m. Central, 10 a.m. Mountain, 9 a.m. Pacific).

NRMLA Washington Update-September 2008 Issue September 22, 2008

NRMLA continues to be engaged with the Department of Housing and Urban Development and industry stakeholders in the interpretation and implementation of H.R. 3221 Housing and Economic recover Act (HERA).

New Mortgagee Letter Clarifies Originator Requirements September 18, 2008

HUD published Mortgagee Letter 2008-24—Requirements on Mortgage Originators, which clarifies who is eligible to originate HECMs and discusses the cross sell provisions contained in the Housing and Economic Recovery Act of 2008 (HERA).

Detailed HECM Data By State, Borrower Characteristics September 15, 2008

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

MEMBER ALERT: HECM Borrower Paid Counseling September 5, 2008

We want to alert members that FHA plans to issue guidance to the counseling agencies regarding client payment for counseling.

HECM Borrowers in Default Benefit from Refi Change September 4, 2008

HUD published a final rule in today's Federal Register that gives existing HECM borrowers in default the ability to pay a reduced MIP if they refinance.

Get Your Customers the Information they Need with NRMLA Consumer Guides - New Reduced Prices July 15, 2008

NRMLA has developed several information booklets for consumers that members can purchase at a discount to distribute to prospective clients. We recently reduced the pricing for our consumer booklet series for orders under 1000.

Meeting/Expo info Sponsorship details
Diamond Sponsors
  • Bay Docs
  • James B. Nutter & Company
UPDATES
2/14/2008 Member Alert: Lender Listings As you know, a benefit of membership in NRMLA is the listing(s) you receive in the Lender Locator found on ReverseMortgage.org. We can update your listing information as needed, but all requests must come through your company's primary delegate. When requesting updates, please contact llatimore@nrmlaonline.org. Please be sure to include your company name and a phone number.

Annual HECM Production Chart

The following page shows annual HECM production from 1990 to the present by federal fiscal year and by calendar year from 2001 onward.


HUD Contacts September 5, 2008

Following is a list of HECM program contacts at HUD's four regional Home Ownership Centers, and at headquarters.


NRMLA Member Logo July 24, 2008

NRMLA has developed the following Member Logo that you can use on your business cards, web site, and other marketing materials.


NRMLA Generic Newspaper Ad July 22, 2008

NRMLA has prepared two generic ads (black and white) to promote reverse mortgages that may be used by firms that are members of NRMLA.


FHA Mortgagee Letters July 10, 2008

Following is a list of FHA Mortgagee Letters that govern the HECM program.


List of Wholesale Lenders January 22, 2008

If you're looking for an investor to sell your reverse mortgage production, the following companies offer wholesale programs.


All materials copyrighted © 2008 National Reverse Mortgage Lenders Association.