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fromwww.housingwire.com
5 months ago

HUD reopens reverse mortgage comment period

It specifically wants to reduce paperwork and increasing borrower flexibility while maintaining protections against defaults. NRMLA wrote that since its introduction in 2015, the HECM financial assessment has helped reduce reverse mortgage foreclosures due to property tax and insurance defaults. NRMLA said it supports maintaining FA's effectiveness, but it asks for streamlining procedures, reducing documentation burdens, and aligning HECM underwriting with FHA's forward mortgage program.
Real estate
Real estate
fromwww.housingwire.com
5 months ago

George Morales elected to NRMLA board

George Morales joined NRMLA's Board to advance reverse mortgage modernization, broaden market access, strengthen consumer protections, and promote technology-driven efficiency.
US politics
fromwww.housingwire.com
6 months ago

NRMLA backs Gormley and Cassidy for key housing roles

Joseph Gormley nominated as permanent Ginnie Mae president and Joseph Gormley Cassidy nominated to lead the FHA, both receiving NRMLA's strong endorsement.
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