A New York Times column reveals four reasons more Baby Boomers are now house-poor.
Continue readingWhy More Boomers are House-Poor
Retirement is becoming a luxury
A recent AARP survey finds that retirement is increasingly becoming a luxury.
Continue readingAppraisal bias protections and the HECM
Appraisal bias protections are extended to HECM applicants who may request a…
Continue readingHUD curtails some H4P concessions
Many older American homeowners now find themselves stuck in their homes being unable to…
Continue readingApril 2024 Top 100 HECM Lenders Report
The latest endorsement data is here and it shows increased endorsements for 7 of the top-10 ranked lenders. However, March endorsements were the…
Continue readingAging in Place or Stuck in Place?
Many older American homeowners now find themselves stuck in their homes being unable to…
Continue readingAARP: Rising Rates Hit Reverse Mortgage Payouts
Industry expert, author, and founder of Understanding Reverse contributed a column to Housing Wire’s Reverse Mortgage Daily that reveals two often overlooked facts about the HECM’s expected rate used to determine the federally insured reverse mortgage’s principal limit.
Continue readingTwo things most reverse pros don’t know about the expected rate
Industry expert, author, and founder of Understanding Reverse contributed a column to Housing Wire’s Reverse Mortgage Daily that reveals two often overlooked facts about the HECM’s expected rate used to determine the federally insured reverse mortgage’s principal limit.
Continue readingMajor Changes to HECM Applications?
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EPISODE #821
Major Changes to HECM Applications: Feedback sought in Federal Register
[HUD/FHA]
HUD is seeking public feedback for planned changes to the loan origination documents for FHA-backed Home Equity Conversion Mortgages. [Listen for details]Â [Federal Register Post]Â
Other Stories:Â
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[California Mortgage Relief] Time is running out for California reverse borrowers needing assistance with property charges.
[HUD] HUD announces the sales of notes for vacant HECM properties where all borrowers have passed away.Â
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March 2024 Top 100 HECM Lenders Report
The latest endorsement data is here and it shows increased endorsements for 7 of the top-10 ranked lenders. However, March endorsements were the…
Continue reading