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FOA promotes Jonathan Scarpati to chief production officer

April 2, 2025 by bp56691
FOA promotes Jonathan Scarpati to chief production officer
Scarpati will now oversee both wholesale and retail production at FOA, in an effort to “optimize internal structures and accelerate performance gains” for its multichannel operations.
Categories Finance of America, HECM, HWmember, NRMLA, People Movers, Reverse

Reverse mortgage software pioneer Jerry Wagner has died

March 31, 2025 by bp56691
Reverse mortgage software pioneer Jerry Wagner has died
NRMLA announced the news in an email update to its members late last week, and industry professionals remember Wagner fondly.
Categories HWmember, Ibis Software, NRMLA, Reverse

New FHA citizenship, residency requirements apply to reverse mortgages

March 26, 2025 by bp56691
Rules that restrict FHA-backed financing to U.S. citizens and permanent residents applies to reverse mortgages — with interesting details.
Categories FHA, HECM, HWmember, Money Management International, NRMLA, Regulatory, Reverse

NRMLA supports Hawaii bill seeking state-run reverse mortgage program

March 19, 2025 by bp56691
NRMLA supports Hawaii bill seeking state-run reverse mortgage program
The reverse mortgage trade association said it supports a bill to set up a state-run HECM program, but it also requested some changes.
Categories Hawaii, HECM, HWmember, Legislation, NRMLA, Reverse

What has the CFPB done for the reverse mortgage industry?

March 11, 2025 by bp56691
As the CFPB is being scaled back by current leaders, RMD takes a look at its impact on the reverse mortgage industry.
Categories CFPB, HECM, HWmember, National Consumer Law Center, NRMLA, Regulatory, Reverse

Maryland reverse mortgage bill withdrawn following industry dialogue

March 10, 2025 by bp56691
A Maryland reverse mortgage bill seeking to establish an escrow account for expenses has been tabled for now after industry dialogue.
Categories HECM, HWmember, Legislation, Maryland, NRMLA, Reverse

Report suggests key HECM field office at HUD could be shut down

March 5, 2025 by bp56691
Among dozens of reported potential field office closures, one in Oklahoma has the potential to significantly impact the FHA-insured HECM program.
Categories FHA, Government Lending, HECM, HUD, HWmember, NRMLA, Reverse

NRMLA announces first event of 2025

February 28, 2025 by bp56691
The reverse mortgage trade association announced that its Western Regional Meeting will be held April 29 in Irvine, California.
Categories California, HECM, HWmember, NRMLA, Reverse

Longbridge CEO Chris Mayer on reverse mortgage partnerships with forward companies

February 21, 2025 by bp56691
Longbridge CEO Chris Mayer on reverse mortgage partnerships with forward companies
Longbridge CEO Chris Mayer speaks with HousingWire’s RMD about forward mortgage partnerships and the potential of HECM for Purchase.
Categories HECM, HWmember, Longbridge Financial, Mortgage Bankers Association, NRMLA, Reverse

Australia, New Zealand-based reverse pros share insights

February 18, 2025 by bp56691
Two professionals from Australia and New Zealand’s leading reverse mortgage provider shared some of what they learned at a U.S. reverse mortgage conference last year.
Categories Australia, Heartland Bank, HWmember, New Zealand, NRMLA, Reverse
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