| Date | Title | Description |
| 31.07.2026 | Proprietary reverse mortgages are outpacing HECMs. It’s time to raise the bar on fee transparency. | Recently, a woman contacted me after her daughter encouraged her to get a second opinion before closing on a reverse mortgage. She had already chosen a lender, attended reverse mortgage counseling, completed her application and was ready to... |
| 01.07.2026 | Reverse Market Insight expands loan qualifying tool to include Smartfi proprietary products | Loan analysis and technology firm Reverse Market Insight (RMI) on Wednesday announced an expansion of its Reverse Qualifier tool, giving reverse mortgage originators the opportunity to price and model the benefits of proprietary products fr... |
| 25.06.2026 | Senators push bipartisan plan to ‘save Social Security’ | U.S. Sens. Elizabeth Warren (D-Mass.) and Bernie Moreno (R-Ohio) are calling on Congress to shore up Social Security by lifting the cap on wages subject to payroll taxes.
The proposal comes as policymakers and financial professionals warn o... |
| 28.02.2025 | NRMLA announces first event of 2025 | The National Reverse Mortgage Lenders Association (NRMLA) this week announced its first conference of 2025 in the form of its Western Regional Meeting, the first such event to take place since 2023.
NRMLA will hold the event in Irvine, Cali... |
| 22.01.2025 | Finding qualified contractors is the biggest obstacle to reno projects | Home renovation projects could bring a variety of safety and efficiency improvements to older construction, but anxiety is a key element keeping many homeowners from exploring renovation projects. This is according to a report conducted by ... |
| 03.12.2024 | FHA extends cybersecurity reporting requirement timeline from 12 to 36 hours | The Federal Housing Administration (FHA) this week published a final Mortgagee Letter (ML), 2024-23, that requires lenders to report a cybersecurity breach within 36 hours of being detected. While the FHA posted a draft version of the ML on... |
| 01.11.2024 | NRMLA asks HUD to extend reporting timetable for cybersecurity incidents | The National Reverse Mortgage Lenders Association (NRMLA) said this week that it has submitted comments to the U.S. Department of Housing and Urban Development (HUD) requesting that the agency, at minimum, align its cybersecurity reporting ... |
| 24.10.2024 | Apple and Goldman Sachs Face Consequences for Apple Card Missteps | In a digital age where convenience reigns supreme, the partnership between Apple and Goldman Sachs was hailed as a game-changer. The Apple Card, launched in 2019, promised seamless integration with Apple Pay and a user-friendly experience. ... |
| 22.10.2024 | Reverse educators take on more HECM misconceptions | Reverse mortgage educators Dan Hultquist and Jim McMinn brought their “Rules of the Game” presentation back to the National Reverse Mortgage Lenders Association (NRMLA) Annual Meeting and Expo this year in San Diego. After getting some of t... |
| 29.09.2024 | The Changing Landscape of Reverse Mortgages: A Dual Perspective | The world of reverse mortgages is evolving. Recent events highlight this shift, showcasing both the challenges and opportunities that lie ahead. Two significant stories from the National Reverse Mortgage Lenders Association (NRMLA) and Sout... |
| 25.09.2024 |
NRMLA honors longtime service as CEO announces retirement | The first day of this year’s National Reverse Mortgage Lenders Association (NRMLA) Annual Meeting and Expo in San Diego wound down with an announcement that marks the end of an era.
The association honored two of its most prominent past and... |
| 21.09.2024 | The Price of Convenience: A Cautionary Tale of Sham Marriages in Singapore | In the bustling streets of Singapore, where skyscrapers pierce the sky and the economy thrives, a shadow lurks beneath the surface. The recent case of a 22-year-old Singaporean man, Teo, who was jailed for entering into a marriage of conven... |
| 20.09.2024 |
FHA head says more housing counselors should have reverse mortgage training | Federal Housing Administration (FHA) Commissioner Julia Gordon thinks that more U.S. Department of Housing and Urban Development (HUD)-approved housing counselors should be trained to work with Home Equity Conversion Mortgage (HECM) borrowe... |
| 20.09.2024 |
Reverse mortgage industry prepares for annual meeting in San Diego | The National Reverse Mortgage Lenders Association (NRMLA), the reverse mortgage industry’s leading trade association, is preparing to host its 2024 Annual Meeting and Expo on Sept. 24-26 in San Diego.
The event is typically the largest, mos... |
| 06.09.2024 | The Hidden Costs of Aging in Place: A Financial Tightrope | Aging in place is the dream for many older Americans. It’s a desire to stay in familiar surroundings, to cling to memories like a lifeline. But this dream often comes with a heavy price tag. The financial and emotional toll can be staggerin... |
| 05.09.2024 |
Why home equity should be in the long-term care conversation | Retirement in America comes with a lot of concerns related to finances and health, with both of these issues often being intertwined.
Long-term care is emerging as a key concern for older Americans, especially since its costs will most like... |
| 15.08.2024 | Retirement and Reverse Mortgages: What Data Tells Us in 2024 | Retirees have different reasons for stepping away from the workforce.
Retirement Savings Across various age groups, races/ethnicities, and disability statuses.
Reverse Mortgages Insured By FHA across years
Reverse mortgages provide retirees... |
| 05.08.2024 |
NRMLA, MBA submit HMBS 2.0 comments to Ginnie Mae | The National Reverse Mortgage Lenders Association (NRMLA) and the Mortgage Bankers Association (MBA) have submitted a joint letter to Ginnie Mae acting president Sam Valverde, offering their thoughts and perspectives on the government-owned... |
| 05.08.2024 |
Massachusetts budget features programs to support seniors, aging in place | Massachusetts Gov. Maura Healey (D) has signed a $57.8 billion state budget for 2025, which features several provisions designed to assist the state’s senior residents with health care, food assistance and aging-in-place provisions like hom... |
| 31.07.2024 |
Waterfall analyst: Work remains to get HMBS 2.0 over the ‘finish line’ | Roughly one month ago, Ginnie Mae released a term sheet for a highly anticipated new development for the reverse mortgage industry: a new Home Equity Conversion Mortgage (HECM)-backed Securities (HMBS) product referred to as HMBS 2.0.
The n... |
| 26.07.2024 |
US Senate committee approves full funding for Ginnie Mae | The U.S. Senate appropriations committee this week approved full funding for the fiscal year 2025 Transportation, Housing and Urban Development, and Related Agencies Appropriations Act (T-HUD), which provides $98.737 billion in total discre... |
| 19.07.2024 |
FHA head Julia Gordon to return to NRMLA Annual | Julia Gordon, the commissioner of the Federal Housing Administration (FHA) and a leading voice at the U.S. Department of Housing and Urban Development (HUD), will be returning for the third consecutive year to the National Reverse Mortgage ... |
| 08.07.2024 |
NRMLA president talks HMBS 2.0 term sheet and its potential impact | At the National Reverse Mortgage Lenders Association (NRMLA) Eastern Regional Meeting in May, Acting Ginnie Mae President Sam Valverde said that the government-owned company planned to release a term sheet for a newly proposed Home Equity C... |
| 28.06.2024 |
Senior-held home equity bounces back in Q1 2024: NRMLA | Homeowners 62 and older saw their collective home equity levels rise in the first quarter of 2024 by roughly $328.5 billion to a total of $13.19 trillion, a recovery after decreases observed over the past year.
This is according to the Reve... |
| 27.06.2024 |
Ginnie Mae releases anticipated ‘HMBS 2.0’ term sheet | Ginnie Mae on Thursday released a new term sheet for its proposed Home Equity Conversion Mortgage (HECM)-backed Securities (HMBS) offering, which is an additional program that the company and reverse mortgage industry alike have referred to... |
| 31.05.2024 |
Acting Ginnie Mae president comments on ’HMBS 2.0’ | Ginnie Mae, which manages the government-guaranteed portfolio of forward and reverse mortgage-backed securities (MBS), announced this week at a National Reverse Mortgage Lenders Association (NRMLA) event that it will release initial details... |
| 30.05.2024 |
Ginnie Mae eyes year-end for new HMBS product | Ginnie Mae is aiming to roll out plans for its new Home Equity Conversion Mortgage (HECM)-backed Securities (HMBS) product by the end of the year, according to acting president Sam Valverde, who spoke at the National Reverse Mortgage Lender... |
| 17.05.2024 |
Jonathan Scarpati joins NRMLA board of directors | The National Reverse Mortgage Lenders Association (NRMLA) this week announced that Jonathan Scarpati, senior vice president of wholesale production at Finance of America (FOA), has joined its board of directors for the remainder of the 2024... |
| 10.05.2024 |
DeSantis stamps changes to reverse mortgage tax requirements in Florida | Florida Gov. Ron DeSantis (R) signed a bill into law this week that changes certain requirements for the state’s reverse mortgage borrowers, a move that the National Reverse Mortgage Lenders Association (NRMLA) says could save money on clos... |
| 06.05.2024 |
NRMLA, MBA provide comments on HECM application, origination documents | Following an announcement that the U.S. Department of Housing and Urban Development (HUD)’s Office of Policy Development and Research is seeking public comment related to application and origination documents for the Federal Housing Adminis... |
| 03.05.2024 |
Remote reverse mortgage counseling now permanently permitted in Massachusetts | A bill that will permanently allow for remote reverse mortgage counseling via telephone or video conferencing services in the state of Massachusetts has been signed into law by Gov. Maura Healey (D), doing away with a strict face-to-face re... |
| 01.05.2024 |
Longtime reverse mortgage leader Scott Norman appointed CEO of Texas MBA | Longtime reverse mortgage industry professional, advocate and leader Scott Norman has been appointed as the new CEO of the Texas Mortgage Bankers Association (TMBA).
Norman is currently serving his fifth consecutive term as co-chair of the ... |
| 30.04.2024 |
Reverse mortgage professionals react to H4P rule changes | After the release of proposed new rules for the Home Equity Conversion Mortgage (HECM) for Purchase (H4P) program late last year, the reverse mortgage industry expressed a lot of excitement.
In the newly proposed rules handed down in Octobe... |
| 11.04.2024 |
MCS CEO: Adding reverse mortgages creates value for property preservation business | Property preservation company MCS announced last month that it had entered the reverse mortgage business after acquiring Five Brothers Asset Management Solutions. In part one of RMD’s interview with MCS CEO Craig Torrance, he explained his ... |
| 05.04.2024 |
Face-to-face reverse mortgage counseling is back in Massachusetts (for now) | Reverse mortgage professionals in Massachusetts will be reliant on their borrowers’ ability to complete their required counseling sessions under the state’s face-to-face mandate following the expiration of a provision temporarily relaxing t... |
| 05.04.2024 |
Fairway’s Sciandra joins NRMLA board | The National Reverse Mortgage Lenders Association (NRMLA) announced this week that Peter Sciandra, EVP of reverse lending and secondary marketing at Fairway Independent Mortgage Corporation, has joined its board of directors for the remaind... |
| 02.04.2024 |
Fairway’s reverse leadership talks course change and business in 2024 | Last month, Madison, Wisconsin-based mortgage lender Fairway Independent Mortgage Corp. announced the appointment of reverse mortgage industry veteran Dan Ventura to serve as its new president of reverse mortgage lending.
The hiring came af... |
| 19.03.2024 |
Property services company MCS enters reverse mortgage space | Lewisville, Texas-based property services company MCS announced last week that it acquired Five Brothers Asset Management Solutions, a deal which brings MCS into the reverse mortgage industry for the first time, according to an announcement... |
| 15.03.2024 |
Senior-held home equity falls to $12.84 trillion in Q4 2023 | Homeowners 62 and older saw their collective home equity levels drop in the fourth quarter of 2023 by roughly $119 billion to $12.84 trillion, the third quarterly fall in the last year.
This is according to the Reverse Mortgage Market Index... |
| 12.03.2024 |
HUD outlines reverse mortgage wish list in budget proposal | The White House this week submitted its fiscal year 2025 budget proposal to the House of Representatives and the Senate, outlining the priorities of the administration in providing a budgetary blueprint for the entirety of the U.S. federal ... |
| 11.03.2024 |
Reverse mortgage professionals react to resignation of HUD Secretary Fudge | Members of the reverse mortgage industry were surprised to learn that U.S. Department of Housing and Urban Development (HUD) Secretary Marcia Fudge announced on Monday that she would be resigning from her post effective March 22. HUD deputy... |
| 14.07.2023 |
‘Grow-the-pie’ mentality dominates reverse mortgage conference | The mantra is clear – “We need to grow our industry.”
This week I represented Reverse Mortgage Daily and HousingWire at the National Reverse Mortgage Lenders Association (NRMLA) Southern Regional Meeting in Austin, Texas. About 100 reverse ... |
| 19.05.2023 |
NRMLA president: A look at state laws impacting the reverse mortgage industry | The first quarter-and-a-half of 2023 has been a wild ride. We have seen huge fluctuations in production, mergers, acquisitions, new entrants into the reverse mortgage space, and less than graceful exits from the space. All the while, the Na... |
| 12.08.2022 | Constellation Mortgage Solutions’ Stephen Ryczek Appointed to NRMLA Board of Directors | Stephen Ryczek, President, Constellation Mortgage Solutions I see a great opportunity for new fintech solutions for the reverse market, and working alongside the members of the NRMLA board will provide great insight into the needs and futur... |
| 26.04.2022 | How originators can capitalize on reverse mortgage business in light of the changing housing market | With a housing market in transition, originators are looking to seize profitable opportunities that benefit both borrowers and their own bottom lines. HousingWire recently spoke to Jonathan Scarpati, Senior Vice President of Wholesale Lendi... |
| 24.02.2021 | Alleviating some financial burden felt by the ‘Sandwich Generation’ | (BPT) – You’re middle-aged and the thought of how you’re going to enjoy your golden years is becoming more persistent. You may be daydreaming about finally buying an RV to take that cross-country trip you and your significant other always t... |
| 11.12.2020 | NRMLA Announces 2021 Executive Officers | |
| 20.11.2018 | Reverse mortgage industry reacts to FHA’s hint at future policy changes | Last week, the Federal Housing Administration released the results of its 2018 Report to Congress, in which it revealed that the HECM portfolio had a negative capital ratio of 18.83% and a negative economic net worth of $13.63 billion in th... |
| 28.09.2018 | HECM professionals set to meet in San Diego | The reverse mortgage industry’s biggest event is just one month away.
On Oct. 28th, more than 400 HECM professionals from 155 companies will gather in San Diego at the National Reverse Mortgage Lenders Association’s annual conference to dis... |
| 15.08.2018 | What happens when you take a reverse mortgage, but your spouse does not? | To qualify for a reverse mortgage, you have to be at least 62 years old. But if you’re old enough and your spouse is not, you can still take the loan by having your partner file as a “non-borrowing spouse.”
If you have a non-borrowing spous... |
| 19.10.2017 | Helping HECM Borrowers in Texas and Florida | Helping HECM Borrowers in Texas and Florida
NRMLA servicing experts offer the following guidance for homeowners impacted by hurricanes Harvey and Irma:
Contact your insurance company right away to file a claim if damage has occurred to your... |
| 11.04.2017 | NRMLA News | Reverse Mortgage Education Week is April 24-28
NRMLA’s second-ever week dedicated to raising awareness about reverse mortgages as a beneficial financial tool for senior homeowners is scheduled for April 24–28! This year, Reverse Mortgage Ed... |
| 14.03.2017 | Spotlight: Becoming a CRMP | When the National Reverse Mortgage Lenders Association was formed 20 years ago, it set out to enhance the professionalism of the reverse mortgage business, serving as an educational resource, policy advocate and public affairs center for le... |
| 16.11.2016 | NRMLA News | Spot Approvals Included in Proposed Condo Guidelines New condominium approval guidelines proposed by FHA could make it easier for older condo owners to obtain a reverse mortgage. The proposed rule, Project Approval for Single-Family Condomi... |
| 11.02.2016 | NRMLA News | Written by NRMLA Staff, as originally published in The Reverse Review.
The World Emulates HECMs
“The World Emulates HECMs.” So reports HECM architect Ed Szymanoski in an interview in the January issue of Reverse Mortgage Magazine. “So many ... |
| 26.01.2016 |
Refi Madness: Reverse Mortgage Refinances Gain Greater Volume Share | Endorsements for Home Equity Conversion Mortgages (HECMs) hit a minor snag in the last few months of 2015 as the industry felt the fallout of the Financial Assessment. But as volume compressed in the months following August, the share of re... |
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How Reverse for Purchase can help baby boomer borrowers | Older Americans are sitting on more than $12 trillion in home equity, according to the National Reverse Mortgage Lenders Association (NRMLA)/Riskspan Reverse Mortgage Market Index. These homeowners are seeking different retirement solutions... |
