Nearly 60 percent of U.S. households have a net worth of $100,000 or more after accounting for debts, with 29.2 percent having a net worth of $500,000 or … more States With the Most Home Equity and Retirement Savings
Darryl Hicks is Vice President of Communications for the National Reverse Mortgage Lenders Association. In this capacity, Hicks writes for NRMLA's publications, manages the association's web sites and social media accounts, assists committees and the Board of Directors, and manages the Certified Reverse Mortgage Professional designation. Prior to joining NRMLA in 1999, Hicks spent three years in the Washington, D.C. bureau for National Mortgage News.
HUD IG Issues Reverse Mortgage Bulletin
The Fraud Bulletin was published in response to the recent criminal conviction of Mark Diamond, a Chicago-based contractor who orchestrated a home repair and reverse mortgage fraud scheme … more HUD IG Issues Reverse Mortgage Bulletin
Member Spotlight: Amy Sanders, Bay Equity Home Loans
To help our members get to know one another, NRMLA publishes periodic Member Spotlights featuring professionals from across the reverse mortgage ecosystem. Meet Amy Sanders, CRMP, a senior … more Member Spotlight: Amy Sanders, Bay Equity Home Loans
A Proposal to Fix Social Security
Alicia Munnell, former director at the Center for Retirement Research at Boston College and one of America’s top thought leaders on retirement policy, published a proposal for extending … more A Proposal to Fix Social Security
CFPB Effectively Shutdown, For Now
On January 31, Treasury Secretary Scott Bessent was named Acting Director of the Consumer Financial Protection Bureau after his predecessor, Rohit Chopra, was fired by President Donald Trump. … more CFPB Effectively Shutdown, For Now
NRMLA Offers Compromise to Protect Proprietary Reverse Mortgages
NRMLA, with input from the Executive Committee, submitted comments this week to the sponsors of Oregon Senate Bill 534. SB 534 caps the percentage of equity a reverse mortgage … more NRMLA Offers Compromise to Protect Proprietary Reverse Mortgages
What You Need to Know About Your HECM After Closing
The National Reverse Mortgage Lenders Association created, “What You Need to Know About Your HECM After Closing” to answer questions reverse mortgage loan borrowers, and their heirs, may … more What You Need to Know About Your HECM After Closing
97.1 Percent of Retirement-Age Americans Have Nonmortgage Debt
A new LendingTree analysis finds that 97.1 percent of U.S. adults between the ages of 66 to 71 have nonmortgage debt. Why it matters: The study examines what … more 97.1 Percent of Retirement-Age Americans Have Nonmortgage Debt
Prudential Survey Suggests Knowledge Gap Around Retirement Saving Best Practices
While saving for retirement is the top financial priority for 88 percent of Americans, a new survey from global financial company Prudential Financial Group shows a disconnect between … more Prudential Survey Suggests Knowledge Gap Around Retirement Saving Best Practices
NRMLA State and Local Issues Committee to Convene
Legislation has been introduced in Oregon, New York and Hawaii that would impact reverse mortgage companies. Oregon Senate Bill 534 caps the percentage of total equity a reverse … more NRMLA State and Local Issues Committee to Convene
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