The Department of Housing and Urban Development’s assistant inspector general warned a Congressional committee on Jan. 9 of concerns regarding FHA’s ability to handle the increase in volume it has ...

This article proposes changes in HUD policies that would support an enhanced HECM that is part of an integrated retirement plan. Such integration will generate the following benefits: Larger payments ...

Add Yahoo as a preferred source to see more of our stories on Google. Nov. 3—WASHINGTON, D.C. — The Federal Housing Administration released new proposed policy updates to its Home Equity Conversion ...

Loan originators and servicers should take note of the fact that the Home Equity Convertible Mortgage (HECM) program has attracted considerable attention from federal agencies and Congress in recent ...

The report on the Home Equity Conversion Mortgage (HECM) book of business inside the Mutual Mortgage Insurance (MMI) Fund was another positive overall development for the program, with the estimated ...

The Congressional Budget Office (CBO) has published a report Thursday offering four potential strategies for mitigating the costs and risks associated with the Federal Housing Administration’s (FHA) ...

(MENAFN- EIN Presswire) EINPresswire / -- Loangevity Mortgage has released new information outlining how Federal Housing Administration (FHA)-insured reverse mortgages function, with a focus on ...

Interpretation of law is a big deal. The non-borrowing spouses’ (NBS) problem sprang from an interpretation of HECM law which excluded NBS from protection against displacement. As we saw in part one, ...

In the wake of the collapse of the credit and housing markets, much attention has been focused on traditional mortgage and mortgage-backed-security performance. However, despite the reduction in ...

Britney Crawford, James Wright Jr. On August 31, 2022, the U.S. Department of Housing and Urban Development (HUD) released Mortgagee Letter 2022-15 titled “Update to Home Equity Conversion Mortgage ...

Seniors over the age of 62 can take advantage of the Federal Housing Administration’s (FHA) Home Equity Conversion Mortgage (HECM) program to purchase a new home. This program uses a reverse mortgage ...