With the publication of Mortgagee Letter 2023-23, U.S. Department of Housing and Urban Development (HUD) provided valuable benefits to HECM borrowers and their heirs by streamlining HECM servicing requirements … more Servicing Corner: HECM Borrowers Win With These Changes
Reference Section
Senior Debt Levels Increase Threefold Over Past 35 Years
Adults aged 65 to 74 hold an average of $134,950 in debt, while individuals 75 and older hold an average of $94,620 in debt, according to Federal Reserve … more Senior Debt Levels Increase Threefold Over Past 35 Years
Member Spotlight: Michael Pankow, City First Mortgage Services, Inc.
To help our members get to know one another, NRMLA publishes periodic Member Spotlights featuring professionals from across the reverse mortgage ecosystem. Meet Michael Pankow, National Director of … more Member Spotlight: Michael Pankow, City First Mortgage Services, Inc.
Recent FDIC Focus on RESPA Sect. 8 Broker-Related Violations
NRMLA’s outside counsel, Weiner Brodsky Kider, PC, has published a memorandum for members that summarizes recent enforcement actions taken by the FDIC regarding violations of RESPA Section 8. … more Recent FDIC Focus on RESPA Sect. 8 Broker-Related Violations
FHA and GNMA Discuss Priorities and Achievements
The following article provides highlights from NRMLA’s Eastern Regional Meeting, May 29, in Washington, DC. During an interview with NRMLA Chairman Mike Kent, Deputy Assistant Secretary for Single-Family … more FHA and GNMA Discuss Priorities and Achievements
HHS Delivers Strategic Framework for National Plan on Aging
The U.S. Department of Health and Human Services, through its Administration for Community Living, released a report that lays the groundwork for a coordinated effort to create a … more HHS Delivers Strategic Framework for National Plan on Aging
HMBS May 2024: May The Force Be With You
The HMBS new issue market continued to inch up in May. HECM Mortgage-Backed Securities (“HMBS”) issuance totaled $526 million in May, $23 million higher than April’s $503 million. … more HMBS May 2024: May The Force Be With You
Fidelity® Q1 2024 Retirement Analysis
The latest retirement data from Fidelity Investments found record-high contribution levels, coupled with positive market conditions, pushed average account balances to their highest levels since the fourth quarter … more Fidelity® Q1 2024 Retirement Analysis
ACL Releases 2023 Profile of Older Americans
The Administration for Community Living released its 2023 Profile of Older Americans, illustrating the shifting demographics of Americans 65 and older. In 2022, 31.9 million women and 25.9 … more ACL Releases 2023 Profile of Older Americans
FHA Publishes Cybersecurity Reporting Requirements
As part of its ongoing efforts to protect the integrity of its systems and technology, the Federal Housing Administration published Mortgagee Letter 2024-10 to implement new procedures for … more FHA Publishes Cybersecurity Reporting Requirements
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