Items Tagged with 'reverse mortgage counseling'


  • Insiders reveal latest HECM counseling trends

    Speakers at NRMLA conference shed light on what’s in the pipeline for HECM lenders
    In two separate sessions that discussed reverse mortgage counseling, insiders revealed emerging trends that shed light on what’s coming down the pipeline for HECM lenders. At NRMLA’s annual meeting Monday, panelists from three different counseling agencies reported on the trends they’re witnessing, while HUD’s John Olmstead revealed HECM counseling stats.
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  • HUD awards $47 million grant to housing counseling agencies

    Funding is crucial to success of reverse mortgage program
    The U.S. Department of Housing and Urban Development announced Wednesday that it has awarded $47 million in housing counseling grants. Some of the grant money went to agencies that offer reverse mortgage counseling, and the influx of cash will be crucial to keeping them in business and keeping the HECM program alive.
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  • Senators Call to Restore Counseling Funding

    Four senators are circulating a letter to other lawmakers calling for the restoration of the $88 million in funding for housing counseling programs that was cut from the budget.   According to a report from HousingWire, Senators Robert Menendez (D-NJ), Olympia Snowe (R-NJ), Jay Rockefeller (D-WV) and Daniel Akaka (D-HI) have stated in the letter that they want to see housing counseling funding returned to 2010 levels. In a study released last month by the Mortgage Bankers Association that examined the impacts of counseling, primarily related to forward mortgages, it was discovered that little is known about how the
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