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?
Reference Section
‘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
Member Spotlight: Deb Vallow, Cherry Creek Mortgage
To help our members get to know one another, NRMLA will publish periodic Member Spotlights that feature professionals from across the reverse mortgage ecosystem. Meet Deb Vallow, a … more Member Spotlight: Deb Vallow, Cherry Creek Mortgage
White House Budget Forecasts Strong HECM Performance
The Biden Administration released appendices to its Fiscal Year 2024 proposed budget this week that predicted strong economic numbers for the Home Equity Conversion Mortgage program for the … more White House Budget Forecasts Strong HECM Performance
HMBS February 2023 Part II: Waiting For Issuer 43
HMBS payoffs remained low in February, as Mandatory Purchases continued to rise and natural payoffs remained at less than a 7% per annum rate. February payoffs totaled about … more HMBS February 2023 Part II: Waiting For Issuer 43
Member Spotlight: Keith Morgan, CRMP, Mutual of Omaha Mortgage
To help our members get to know one another, NRMLA will publish periodic Member Spotlights that feature professionals from across the reverse mortgage ecosystem. Meet Keith Morgan, CRMP, … more Member Spotlight: Keith Morgan, CRMP, Mutual of Omaha Mortgage
Census: Disasters Displaced More Than 640K Older Americans in 2022
An estimated 3.4 million adults, including 646,443 individuals aged 65 and older, were forced to evacuate their homes in the past year because of a natural disaster, according … more Census: Disasters Displaced More Than 640K Older Americans in 2022
Servicing Corner: Being Out of the Home For Extended Periods
NRMLA publishes the “Servicing Corner” so that we can better educate our readers on the most commonly asked questions that loan officers ask about HECM servicing guidelines. This … more Servicing Corner: Being Out of the Home For Extended Periods
HUD Publishes LIBOR Transition Final Rule
The Department of Housing and Urban Development published a final rule today that replaces the London Interbank Offered Rate (LIBOR) as an approved index for new and existing adjustable-rate forward … more HUD Publishes LIBOR Transition Final Rule
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