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Reverse Mortgage Industry News

• Reverse Mortgage Trade Association Seeks Clarity on New NBS Rules
  The National Reverse Mortgage Lenders Association (NRMLA) has submitted a letter to the U.S. Department of Housing and Urban Development (HUD), specifically requesting the Department to update the Home Equity Conversion Mortgage (HECM) loan documents and security instrument so that they conform with non-borrowing spouse (NBS) protections that were recently announced in a Mortgagee Letter […]
• Senate Confirms Todman as Deputy HUD Secretary
  The Senate has confirmed the new Deputy Secretary of the U.S. Department of Housing and Urban Development (HUD), with representatives from the NHC and NRMLA offering congratulations. The post Senate Confirms Todman as Deputy HUD Secretary appeared first on Reverse Mortgage Daily.
• HUD Offers Statement in Support of Reverse Mortgage Program, Though Questions Remain
  The U.S. Department of Housing and Urban Development (HUD) has given perspective on the Home Equity Conversion Mortgage (HECM) program to RMD, though some key questions about the program itself and adjacent issues remain unanswered. The post HUD Offers Statement in Support of Reverse Mortgage Program, Though Questions Remain appeared first on Reverse Mortgage Daily.