The National Reverse Mortgage Lenders Association (NRMLA) has announced the agenda for its Northeast Regional Meeting, set for March 18-19 in New York, N.Y. The meeting, dubbed “New HECM, New York,” will focus on improvements to the Home Equity Conversion Mortgage, or HECM, and highlight its use as a key financial planning tool for retirees. In July 2013, the U.S. Department of Housing & Urban Development (HUD) was authorized by Congress to establish additional requirements to improve “the fiscal safety and soundness” of the HECM program. The changes resulting from that authorization are now underway and will be a major focus of the meeting.
Representatives from NRMLA and its member organizations will participate in panel discussions, debates and workshops, with a special focus on how to educate consumers and investors on the benefits of using a HECM loan as part of a retirement plan. Additionally, NRMLA is honored to welcome Karin Hill, HUD’s director for single family program development, who will participate in panels on changes to the HECM program and common myths and misconceptions.
John F. Getchis, senior vice president of the Office of Capital Markets at Ginnie Mae, will keynote the event’s Finance & Investment Forum, drawing on 35 years of experience at financial institutions with a focus on mortgage-backed securities and the capital markets.
The meeting will also feature a presentation on the considerations that go into a long-range retirement plan. A panel discussion among financial advisors on methods of Filling the Retirement Funding Gap, a CRMP-credit training session on the requirements of financial assessment.