NRMLA has created this informational web page in case you’re contacted by prior clients who need help paying their property taxes and homeowners insurance. Overview The U.S. Treasury … more A Loan Officer’s Guide to Housing Assistance Fund Program
Reference Section
HMBS May 2022: May Flowers Wither; June Gloom Looms
HECM Mortgage-Backed Securities (“HMBS”) issuance fell in May to $1.45 billion, down from April’s record $1.6 billion, as the refinancing wave finally began to ebb. However, production remains … more HMBS May 2022: May Flowers Wither; June Gloom Looms
Compliance Corner: No Fees Prior to Having a Signed Counseling Certificate
HUD’s Office of Housing Counseling contacted NRMLA this week and asked us to remind members that lenders are not permitted to collect a fee or take a final … more Compliance Corner: No Fees Prior to Having a Signed Counseling Certificate
Reverse Mortgage Self-Evaluation: A Checklist of Key Considerations
Reverse mortgages are a versatile financial tool that nearly a million homeowners have used to age-in place, and for other reasons. However, like any financial product, reverse mortgages … more Reverse Mortgage Self-Evaluation: A Checklist of Key Considerations
Should Mom Or Dad Get a Reverse Mortgage?
As part of NRMLA’s ongoing efforts to promote #OlderAmericansMonth, the PR Committee has created a new tri-fold brochure, titled “Should Mom Or Dad Get a Reverse Mortgage?”, that we … more Should Mom Or Dad Get a Reverse Mortgage?
Senate Confirms Julia Gordon As FHA Commissioner
By a vote of 51-50, the Senate last evening confirmed Julia Gordon as the next Assistant Secretary for Housing/Federal Housing Administration Commissioner. Vice President Kamala Harris provided the … more Senate Confirms Julia Gordon As FHA Commissioner
HMBS April 2022 Part II: April May but May June?
HMBS payoffs continued in April, as the refinancing wave diminished slightly but refused to ebb. Instead, April payoffs totaled $1.3 billion, just short of March 2022’s record $1.5 … more HMBS April 2022 Part II: April May but May June?
CFPB Report Highlights Lender Violations
In its latest Supervisory Highlights report, the Consumer Financial Protection Bureau emphasized violations involving Loan Officer Compensation and Changed Circumstances that NRMLA felt should be shared with the membership. The … more CFPB Report Highlights Lender Violations
Member Spotlight: Wendy Oshiro, CRMP, Mutual of Omaha Mortgage
To help foster member engagement, NRMLA will publish periodic Member Spotlights that feature professionals from across the reverse mortgage ecosystem. In this issue, we present loan originator Wendy … more Member Spotlight: Wendy Oshiro, CRMP, Mutual of Omaha Mortgage
Clay Selland, CRMP, President, Signet Reverse Mortgage
Clay Selland, CRMP, began his professional career as a certified public accountant with a national firm, which led to senior finance and strategy roles with Longs Drug Stores, … more Clay Selland, CRMP, President, Signet Reverse Mortgage
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