In comments submitted to the Department of Housing and Urban Development this week, NRMLA offered recommendations to make the assignment process for HECM reverse mortgages more efficient and … more NRMLA Suggests Ways to Improve HECM Assignment Process
Reference Section
HUD Issues Temporary Waiver For Submitting Loan Docs to Compu-Link
The Federal Housing Administration has just issued a partial temporary waiver that permits mortgagees to send original hard copies of the Loan Agreement and exhibits directly to Compu-Link, … more HUD Issues Temporary Waiver For Submitting Loan Docs to Compu-Link
Americans Need $1.1M For Retirement, But Few Think They Will Get There
Working Americans ages 45 and older believe it will take $1.1 million in savings to retire comfortably, yet the majority (59 percent) expect to have less than $500,000 … more Americans Need $1.1M For Retirement, But Few Think They Will Get There
FHA Proposes Changes to HECM Assignment Claims Submission Process
By Weiner Brodsky Kider and NRMLA staff On April 4, 2023, FHA posted a draft Mortgagee Letter (ML) that would make changes to the HECM Assignment Claim Type 22 submission … more FHA Proposes Changes to HECM Assignment Claims Submission Process
Bill Search: Reverse Mortgages
NRMLA members can track reverse mortgage legislation introduced by lawmakers in the United States House of Representatives or Senate during the 118th Congress (2023-2025) by visiting Congress.org.
AARP Highlights Increasing Cost of Family Caregiving
A new report from AARP estimated the economic value of family caregivers’ unpaid work in 2021 at $600 billion. This figure was based on about 38 million caregivers … more AARP Highlights Increasing Cost of Family Caregiving
Edelman Appointed Single-Family DAS at FHA
Sarah Edelman has joined the Federal Housing Administration as Deputy Assistant Secretary for Single Family Housing after spending the past five years at Fannie Mae as senior director … more Edelman Appointed Single-Family DAS at FHA
Servicing Corner: Does the 95 Percent Rule Apply to Non-Borrowing Co-Owners?
Weekly Report periodically publishes the “Servicing Corner” to educate readers on the most commonly asked questions that loan officers ask about HECM servicing guidelines. NRMLA received the following … more Servicing Corner: Does the 95 Percent Rule Apply to Non-Borrowing Co-Owners?
‘America’s Retirement Score’ Drops to 78
Fidelity Investments® released its latest Retirement Savings Assessment, which revealed that America’s Retirement Score has moved back into the yellow to 78, a five-point decline from an all-time … more ‘America’s Retirement Score’ Drops to 78
Utah Makes Improvements to Reverse Mortgage Law
Utah Governor Spencer Cox signed legislation (HB 94) into law that lowers the minimum borrower age for proprietary reverse mortgage borrowers from 62 to 55 and changes the … more Utah Makes Improvements to Reverse Mortgage Law
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