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NRMLA Elects Jahangiri and Norman as Co-Chairs
The Board of Directors of the National Reverse Mortgage Lenders Association (NRMLA) has unanimously elected Reza Jahangiri of American Advisors Group (AAG) and Scott Norman of Finance of America Reverse (FAR) to serve as Co-Chairs of the association from
The Board of Directors of the National Reverse Mortgage Lenders Association (NRMLA) has unanimously elected Reza Jahangiri of American Advisors Group (AAG) and Scott Norman of Finance of America Reverse (FAR) to serve as Co-Chairs of the association from now until the 2019 Annual Meeting.  ... Keep Reading....
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While the average downpayment fell during the third quarter, some states have a lower average than others
 The Federal Housing Administration (FHA) will now requiring lenders originating new Home Equity Conversion Mortgages (HECMs) to provide a second property appraisal in cases where the agency believes there could be inflated property valuations.   According to the FHA, the new policy is designed to... more
Housing wealth for homeowners 62 and older grew to $6.9 trillion during the second quarter, according to data from the National Reverse Mortgage Lenders Association (NRMLA)/RiskSpan Reverse Mortgage Market Index (RMMI). This represents a $130 billion in senior home equity from the first quarter.  ... more
Sales activity for home equity conversion mortgages (HECM) fell during the first five months of the year, according to new data from Reverse Mortgage Insight
   Kroll Bond Rating Agency (KBRA) has published “Five Things to Know About Reverse Mortgages,” a free guide designed to explain the nuances of this product sector.   “Because of recent changes which lowered the proceeds level of FHA-Insured HECM reverse mortgages, many originators focused on HECM... more
RiskSpan, an Arlington, Va.-based mortgage data analytics provider, has added home equity conversion mortgage data to the dataset library on its RS Edge Platform
 RiskSpan, an Arlington, Va.-based mortgage data analytics provider, has added home equity conversion mortgage data to the dataset library on its RS Edge Platform.   According to the company, the new HECM dataset includes over half a billion records from Ginnie Mae that will expand the RS Edge... more

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