May Meeting Brings Together Reverse Mortgage Community to Discuss Newest Ways to Support Senior Retirement Funding
Washington, DC – April 10, 2012 –In the midst of May—celebrated as Older Americans Month—the membership of The National Reverse Mortgage Lenders Association (NRMLA) will gather for our Western Regional Meeting at the Hyatt Regency in Irvine, CA to discuss and review how our product can best serve America’s seniors.
Entitled “New Products, New Markets,” the gathering of NRMLA members and other industry participants will focus on consumer responses to emerging products such as the HECM Saver and the HECM for Purchase. Featured speakers will include Barry H. Sacks, co-author of a widely-discussed recent article in the Journal of Financial Planning that argues against conventional wisdom and advocates the use of home equity for successful retirement planning. Staff members of the U. S. Department of Housing and Urban Development in Washington, D.C. as well as the FHA’s Home Ownerhip Center in Santa Ana are expected to participate.
“Our market continues to evolve,” says Peter Bell, NRMLA President and CEO. “Financial planners are more frequently looking at the HECM Saver, builders are more frequently looking at HECM for Purchase. As an industry, we are looking to continue to develop and improve ways to help older Americans fund their retirement years.”
The Western Regional Meeting will begin at 9 AM on Wednesday morning, May 16 and run through the morning of Thursday, May 17.