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One industry observer noted a difference between HUD’s Annual Report to Congress and the actuarial review of the HECM in FHA’s insurance fund. Here’s how a $7 billion difference was found and why.
FHA & HECM Loan Limit Increased again: Some cheer others express concern
NASDAQ: The Early Retirement Dilemma: To Work or Not to Work?
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The coronavirus pandemic has dramatically changed the landscape of the housing market- especially in urban areas. Here’s how COVID-19 vaccines in 2021 are poised to upset housing trends once again.
COVID has slowed but hasn’t stopped FHA’s search for a new servicer
CNBC: At what age should you pay off all debt?
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A recent New York Times piece speculates who are the most likely candidates to take the helm of the Department of Housing and Urban Development in a Biden Administration
HECM Refinance Boom: What comes after?
Private flood insurance may soon be an option for FHA borrowers
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In the early spring, the American economy was nearly flattened by shut-downs and shelter in place orders across the nation as a result of the COVID-19 pandemic. Ironically- despite this massive market interruption, FHA’s most recent report to Congress on the financial status of FHA’s Mutual Mortgage Insurance Fund reveals significant improvement in its capital position. Is this surprising?
LIBOR transition has left many scrambling
Did you know you have 12 mortgage choices?
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“She was feeling panicky and angry. Her 80-year-old mother, Rhonda, had just bought another new car she could not afford. Briana explained that her mother’s funds were limited, but she kept insisting on living the life she had before her husband passed…”
Find income first to insure against retirement risks
Cash-strapped seniors find relief
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The Hill reports than long-time reverse mortgage critic, U.S. senator, and former co-sponsor of the legislation that created the CFPB is making her interest known in serving as Treasury Secretary in Biden administration should the Democrats prevail in the general election.
Should a 2nd counseling session be required after closing?
COVID-19 and older employees- What employers should know
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Many financial professionals are very reluctant to discuss home equity recommendations with their clients. Guess which group is more likely to broach the subject?
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One CFP says reverse mortgages can solve many retirement challenges
No Seniors are not downsizing in droves- here’s the impact
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The federal government is setting an unsettling new record in spending. So far this year $9.1 has been spent. One thing is certain: housing prices and U.S. Debt are growing at a record pace
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“How to pay taxes like Donald Trump”
Seniors are holding a record amount of home equity
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Amid predictions of a 2nd wave of the pandemic this winter, many areas of the U.S. are seeing a surge in COVID-19 infections. How will you prepare your potential borrowers? Here are 5 ways to get started.
Industry prepares for the end of the LIBOR in HECM loans
California’s CFPB clone will have no authority over reverse mortgagesÂ
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The HECM likely needs to be removed from FHA’s Mutual Mortgage Insurance Fund to stop traditional mortgage borrowers from subsidizing losses.
The DOJ files complaint against lender for decade-old HECMS
New waivers give non-borrowing-spouses a reprieveÂ
