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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Maryland reverse mortgage bill withdrawn following industry dialogue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

Hawaii bill seeking state-run reverse mortgage program appears dead for now

February 14, 2025 by bp56691
A bill seeking to establish a state-specific HECM program in Hawaii is likely dead until at least 2026, according to a sponsor lawmaker.
Categories Hawaii, HECM, Home Equity, HWmember, Legislation, NRMLA, Reverse

One in 10 ‘gray divorce’ couples finance split with housing wealth

February 12, 2025 by bp56691
More than one in 10 U.K. couples finance their divorces with property, including through the local equivalent of a reverse mortgage, according to new survey data.
Categories Home Equity, HWmember, NRMLA, Reverse

Proprietary reverse mortgage business in Oregon could be in danger

February 7, 2025 by bp56691
A bill introduced in Oregon could halt proprietary reverse mortgage business if enacted, according to NRMLA.
Categories HECM, HWmember, NRMLA, Oregon, Regulatory, Reverse, Unison

Tennessee official, citing property tax relief, notes more interest in reverse mortgages

February 6, 2025 by bp56691
A Tennessee official noted rising interest in reverse mortgages from area seniors when discussing property taxes on a local radio station.
Categories HECM, HWmember, NRMLA, Property Tax, Reverse, Tennessee
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