HUD’s Office of Housing Counseling announced that the Home Equity Conversion Mortgage (HECM) Client Budget and Resources Identity Tool (CBRIT) is no longer available. To continue providing quality … more Guidance for HECM Certified Housing Counselors
Counseling
NRMLA Member Appointed to Counseling Advisory Committee
Carol Ann Dujanovich, Senior Vice President and Director of the Reverse Mortgage Division at University Bank, was appointed to a new three-year term on the Department of Housing … more NRMLA Member Appointed to Counseling Advisory Committee
HUD Updates Counseling Delivery Options
The Department of Housing and Urban Development published a final rule to allow housing counseling agencies to use alternative communication methods, including virtual meeting tools, instead of providing … more HUD Updates Counseling Delivery Options
Telephone/Video Counseling Made Permanent in MA
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 Telephone/Video Counseling Made Permanent in MA
HUD Publishes Updates HECM Portion of Housing Counseling Handbook
The U.S. Department of Housing and Urban Development’s Office of Housing Counseling updated its Housing Counseling Program Handbook (Handbook 7610.1 REV-6), including the section on HECM counseling. The … more HUD Publishes Updates HECM Portion of Housing Counseling Handbook
NeighborWorks America Announces Changes to Its HECM Hotline
NeighborWorks America notified NRMLA of the following changes to its HECM hotline. As of January 1, 2023, NeighborWorks America recommends that lenders and servicers direct consumers seeking reverse … more NeighborWorks America Announces Changes to Its HECM Hotline