The National Reverse Mortgage Lenders Association (NRMLA) submitted a letter to the U.S. Department of Housing and Urban Development (HUD), specifically asking the department to update the loan documents and security instrument of the conversion mortgage Home Equity Insurance (HECM) to comply with the Non-Borrowing Spouse (NBS) protections that wereRead More →

The National Reverse Mortgage Lenders Association (NRMLA) and its board of directors have officially approved the mission statement of its new Diversity, Equity and Inclusion (DEI) committee, according to a statement emailed to members of the association at the end of last week. The newly formed committee, revealed to theRead More →

Ireland’s largest money lender, Provident Financial, has announced it will close its home lending business as Monday’s annual results highlighted the pressure from the coronavirus pandemic and growing complaints from clients on risk lenders. The move comes just days after Finance Minister Paschal Donohoe said the government planned to “gradually”Read More →

PHILADELPHIA CREAM – (COMMERCIAL THREAD) – The Association of Independent Mortgage Experts (AIME), a national, not-for-profit trade association created exclusively for independent mortgage brokers, announces the promotion of Katie Sweeney to CEO. As CEO, Sweeney will continue to focus on AIME’s core mission of supporting independent mortgage brokers and developingRead More →

SINGAPORE – An illegal money lender has granted a total of $ 8,400 in loans to at least 19 Filipino domestic workers and charged an interest rate of 20% per month, five times the maximum legal rate. Deputy Prosecutor Pavithra Ramkumar said the interest rate was sky-high, with the maximumRead More →