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INDUSTRY & MEMBER NEWS

HUD EXTENDS FORECLOSURE RELIEF TO MAUI VICTIMS

May 10, 2024

The Federal Housing Administration extended its foreclosure moratorium for
borrowers with FHA-insured mortgages in Maui County, HI, through August 4, 2024.
The bottom line: With this extension, FHA … more HUD Extends Foreclosure Relief
to Maui Victims

REVERSE BORROWERS TO BENEFIT FROM FL TAX LAW CHANGE

May 10, 2024

Florida Governor Ron DeSantis signed legislation (House Bill 7073) that amends
existing law by basing the state’s documentary stamp tax on the principal limit
of a reverse mortgage … more Reverse Borrowers to Benefit from FL Tax Law Change

FHA DISALLOWS LENDER-PAID IPCS IN H4P TRANSACTIONS

May 6, 2024

The Federal Housing Administration announced that it will not allow mortgagees
and third-party originators (TPO) to make Interested Party Contributions in HECM
for Purchase transactions, nor will it … more FHA Disallows Lender-Paid IPCs in
H4P Transactions

FACE-TO-FACE COUNSELING MADE PERMANENT IN MA

May 6, 2024

Massachusetts Governor Maura Healy signed a Supplemental Budget Bill this week
that includes provisions to authorize reverse mortgage counseling via
synchronous real-time video conference or telephone on a … more Face-to-Face
Counseling Made Permanent in MA


REVERSE MORTGAGE MAGAZINE, MAY-JUNE 2024 ISSUE








BECOME A CERTIFIED REVERSE MORTGAGE PROFESSIONAL



One of our goals as an industry trade association is telling consumers with
confidence, you can depend on a NRMLA member. Saying it is one thing; proving it
is another. That is why NRMLA created the Certified Reverse Mortgage
Professional (CRMP) designation.

In every industry, there are those individuals who strive to excel. They often
do so by earning a credential that distinguishes them as being among the most
knowledgeable, the most competent, and the most ethical and professional.

Learn more

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