NRMLA's Eastern Regional Meeting to Focus on HECM Changes

The National Reverse Mortgage Lender’s Association’s Eastern Regional Meeting, set for Wednesday-Friday, March 25-27 in New York, N.Y., will explore the changing reverse mortgage market resulting from changes to the HECM program.

The Regional Meeting, titled "Help More People,” will focus on financial assessment, and its impact on the industry and borrowers as well as on how lenders can use their understanding of industry changes and improvements to help their clients live a better, more financially sound life with a reverse mortgage. The Meeting will also feature a special presentation of Russell Settle of Social Security Choice on the effectiveness of combining a reverse mortgage with Social Security.

Over the past 18 months, NRMLA has worked alongside Congress and HUD to pass the Reverse Mortgage Stabilization Act and implement improvements to the HECM program based on observations of borrower behavior. The result is perception of the HECM as a versatile addition to the retirement funding toolbox.

To discuss financial assessment in greater detail, and to talk about priorities for 2015, NRMLA is honored to welcome Karin Hill, Senior Policy Advisor to the U.S. Department of Housing and Urban Development (HUD). Hill will be joined by several other representatives from HUD to give attendees a comprehensive update on the HECM, and to discuss the evolution of HECM policy over the past few years.

NRMLA’s Eastern Regional Meeting offers members, non-members and the press an opportunity to examine the many important changes as they are happening in the industry.