There is a growing consensus that the FHA and Ginnie Mae need reform. The key, however, is to strike a balance
Continue readingReforms are Needed: Not Amputations
February 2025 Top 100 HECM Lenders Report
The new year begins with the Top-10 Shuffle. Did the year begin with a whimper or a roar? Watch and download this month’s retail lenders report for HECM endorsements recorded in January.
Continue readingIt’s not a good time to be a Home Equity Alternative Company
|E868| Now’s not a good time to be a company offering home equity alternatives to reverse mortgages or HELOCs. Last month, the CFPB issued a warning on equity sharing arrangements. Last October, Washington State’s Attorney General’s office filed a suit against Unison. Now, Hometap is in the crosshairs of the Massachusetts State Attorney General’s office, who allege that the company “pervasively and systematically violated the state’s consumer protection laws.
Continue readingRamsey calls a federally-insured loan a ‘Rip-Off’
America’s well-known financial commentator is back at it again. In a recent column in The Street Dave Ramsey claims reverse mortgages are a ‘rip-off’. Here’s where the wheels fall off his argument.
Continue readingA Cure for ‘Perma-Renting’ in Reverse!
There’s an uptick of Canadian reverse mortgage borrowers using their loan to help their heirs buy a home. Heres how…
Continue readingFebruary has brought several key HECM developments
February has brought several key developments impacting HECM lending and HUD/FHA operations and reporting.
Continue readingHow a Reverse Mortgage Paid Off Twice!
Employees of the CFPB will have a lot of time on their hands. Scott Bessent, confirmed as Treasury secretary is now the bureau’s acting director who told CFPB employees to halt most work.
Continue readingFHA Delinquencies: A Canary in the Coal Mine?
The latest mortgage data isn’t painting a pretty picture. A key segment of residential mortgages is showing signs of trouble.
Continue readingCFPB employees told to halt most work
Employees of the CFPB will have a lot of time on their hands. Scott Bessent, confirmed as Treasury secretary is now the bureau’s acting director who told CFPB employees to halt most work.
Continue readingChaos in the Crossfire
Problems often come all at once. Here’s how to better manage the battle amid the chaos and fog of war…
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