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Reverse

NRMLA Supports FHA's Financial Assessment Rule Implementation

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The National Reverse Mortgage Lenders Association (NRMLA) is announcing its support for the Federal Housing Administration’s (FHA) new financial assessment rule for home equity conversion mortgages (HECMs). As part of industry-supported changes to the program, the U.S.Click to continue

Senior Equity Hits Seven-Year High

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The National Reverse Mortgage Lenders Association (NRMLA)/RiskSpan Reverse Mortgage Market Index (RMMI), a quarterly measure which analyzes trends in the home values, home equity, and mortgage debt of homeowners 62 and older, has reached 178.91, its highest level since Q4 2007. The RMMI is updated quarterly and tracks back to the start of 2000.Click to continue

HECM for Purchase: New Networking Tool to Increase Your Originations

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Today’s senior homebuyers now have access to a powerful traditional mortgage alternative when considering the purchase of a new primary residence. Imagine purchasing a new home and no monthly payment is required!Click to continue

David vs. Goliath in the World of Reverse Mortgages

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Few people have made a more vibrant impact on the reverse mortgage sector than Atare E. Agbamu. In his work as a broker, originator, columnist, book author, activist and consultant, Agbamu has been a champion of the reverse mortgage product and a tireless advocate for older consumers  the product was designed to support.Click to continue