Important Links to Reverse Mortgage Reviews and Resources
Below are helpful resources offering additional information about reverse mortgages and senior financial planning.
National Reverse Mortgage Lenders Association (NRMLA)
Established in 1997 and headquartered in Washington, DC, the National Reverse Mortgage Lenders Association (NRMLA) is the voice for lenders and investors engaged in the reverse mortgage business in the United States. NRMLA fulfills several roles, including educating consumers about the opportunity to utilize reverse mortgages, training lenders to be sensitive to the needs of older Americans, developing Best Practices and a Code of Conduct to ensure that lenders participating in the program treat seniors respectfully, and promoting reverse mortgages in the media.
Better Business Bureau (BBB)
The first Better Business Bureau was founded in 1912. Today, 124 BBBs serve communities across the U.S. and Canada, evaluating and monitoring more than 3 million local and national businesses and charities. The BBB is a trusted authority in the marketplace, and BBB accreditation is a coveted honor earned by elite businesses and charities. Businesses that apply for BBB accreditation undergo a detailed review and commit to abide by a set of ethical standards for marketplace conduct.
AARP
AARP is a nonprofit, nonpartisan membership organization for people 50 and over. It provides information and resources, advocates on legislative, consumer, and legal issues, assists its members in serving their communities, and offers a wide range of unique benefits, special products, and services.
Senior Resource
Dedicated to helping seniors, Senior Resource provides accurate and up-to-date information on senior housing options, finance, insurance and related lifestyle issues.
U.S. Department of Housing and Urban Development
The Federal Housing Administration, or "FHA", provides mortgage insurance on loans made by FHA-approved lenders throughout the United States and its territories. The FHA insures mortgages on single family and multifamily homes including manufactured homes and hospitals. It is the largest insurer of mortgages in the world, insuring over 34 million properties since its inception in 1934.
Ginnie Mae
Ginnie Mae’s mission is to expand affordable housing in America by linking global capital markets to the nation's housing markets. Ginnie Mae securities are the only mortgage-backed securities (MBS) to carry the full faith and credit guaranty of the United States government, which means that even in difficult times an investment in Ginnie Mae MBS is one of the safest an investor can make. Specifically, the Ginnie Mae guaranty allows mortgage lenders to obtain a better price for their mortgage loans in the secondary market.
Coalition for Independent Seniors
The Coalition for Independent Seniors is a non-partisan, non-political, public policy coalition dedicated to preserving the opportunity for seniors to stay in their homes.