The National Reverse Mortgage Lenders Association (NRMLA) this week sent a letter to a New Jersey lawmaker, stating its opposition to a legislative proposal tied to reverse mortgage counseling requirements in the Garden State. The letter is addressed to state Sen. Shirley Turner (D), the sponsor of New Jersey Senate Bill 264, which creates “pre-loan […]
Reverse mortgage veterans Loren Riddick and Shannon Hicks are launching a new event this spring that aims to increase loan officer sales skills across the Home Equity Conversion Mortgage (HECM) and proprietary loan spectrum. The Reverse Mastermind Summit — scheduled for May 5-7 in Riddick’s hometown of Knoxville, Tennessee — will feature several big-name speakers
Reverse Mastermind Summit looks to spark an LO renaissance Read More »
Older U.S. homeowners held a record level of housing wealth in the third quarter of 2025, driven by rising home values and continued equity accumulation, according to the latest Reverse Mortgage Market Index (RMMI). Housing wealth among homeowners ages 62 and older rose 1.9% in the third quarter of 2025 to $14.66 trillion, surpassing the
Senior home equity surges to record $14.7T Read More »
The National Reverse Mortgage Lenders Association (NRMLA) has voiced formal support for New Jersey Senate Bill 4970 — urging lawmakers to advance legislation that would clarify how reverse mortgages are treated under the state’s secondary mortgage law. In a letter sent to State Sen. Joseph Lagana, the association said the bill would exempt reverse mortgage
NRMLA backs New Jersey bill clarifying reverse mortgage rules Read More »
The reverse mortgage market is expected to see growth in 2026 as lenders and originators adapt to evolving interest rate conditions and innovate to reach more borrowers. John Lunde, founder and president of Reverse Market Insight, said that 2025 marked a shift in focus for many originators, as they recognized that mortgage rates might not
Innovations in reverse mortgage lending will drive growth in 2026 Read More »
The U.S. Department of Housing and Urban Development (HUD) is reopening the public comment period for a review of federal reverse mortgage programs, the agency announced Wednesday in the Federal Register. HUD previously issued a request for information in October, seeking input on the Home Equity Conversion Mortgage (HECM) and HECM Mortgage-Backed Securities (HMBS) programs.
HUD reopens reverse mortgage comment period Read More »
After federal housing leaders issued a request for information in October about the future of two key reverse mortgage programs, the National Reverse Mortgage Lenders Association (NRMLA) weighed in last week with a detailed list of suggestions. The trade group issued an 11-page letter to the U.S. Department of Housing and Urban Development (HUD) and
NRMLA speaks out on the future of federal reverse mortgage programs Read More »
The National Reverse Mortgage Lenders Association (NRMLA) and other trade groups issued statements of support this week as they seek to have the Senate confirm two key leaders to federal housing posts. The letters reference President Donald Trump’s nominations of Joseph Gormley as president of Ginnie Mae and Frank Cassidy as commissioner of the Federal
NRMLA backs Gormley and Cassidy for key housing roles Read More »
U.S. homeowners 62 and older saw their housing wealth grow by 4% in the second quarter of 2025 to a total of $14.39 trillion. That’s according to the latest quarterly report released Friday by the National Reverse Mortgage Lenders Association (NRMLA) in conjunction with data analytics firm RiskSpan. The previous record for senior-held home equity was $14.18 trillion
Senior homeowner wealth hits new record high of $14.4 trillion Read More »
Executives from Longbridge Financial gathered last week at the National Reverse Mortgage Lenders Association (NRMLA)’s Annual Meeting to discuss the company’s suite of technology tools and lending products aimed at helping wholesale reverse mortgage partners grow their businesses and better serve older homeowners. Wholesale and correspondent manager Bill Nolan opened the company’s session at the event by
Longbridge talks new tech tools at NRMLA meeting Read More »