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Information on Reverse Mortgages / Reverse Mortgage Product Sponsors
NRMLA
The National Reverse Mortgage Lenders Association (NRMLA) is the nation's only organization devoted exclusively to the promotion of reverse mortgages, advocacy on reverse mortgage lending issues with Congress and the federal government, education and training for reverse mortgage lenders, and development and maintenance of ethical standards for reverse mortgage lenders
Below are organizations and companies, in addition to NRMLA, that provide general information about reverse mortgages or about reverse mortgage programs that they offer.
HUD (U.S. Dept. of Housing and Urban Development
451 7th St., SW
Washington, DC 20410
Tel.: 1-888-466-3487 (for consumers)
202-708-2700 (Development Division)(for lenders)
Operates the federal Home Equity Conversion Mortgage (HECM) reverse mortgage program. Site has information about HECMs. The site also allows users to find out about approved FHA lenders that offer HECMs and the names of approved counseling agencies. Printed information can be received by calling the toll-free number above. The site also has the current FHA loan limits for the entire U.S.
Fannie Mae
3900 Wisconsin Ave., NW
Washington, DC 20016-2899
Tel: 800-732-6643
National Center for Home Equity Conversion
Apple Valley, MN
Tel. 612-953-4474
This nonprofit organization is a source of consumer information on reverse mortgages.
Call for all the Details...(248) 541-1726