FHA to cover payments when a lender is in default say ML
FHA's latest HECM-related mortgagee letter explains what happens when a reverse mortgage lender defaults on their obligation to make timely payments to the borrower.
FHA
USA Today: Where are home prices headed?
The soon-to-be-released updated FHA handbook will incorporate several recent policy changes and HECM mortgagee letters.
FHA issues draft guidance for accessory dwelling units
FHA issues draft guidance for accessory dwelling units...
Reverse Mortgages: Easy ‘Income’ For Affluent Retirees
Reverse mortgages can provide an essential risk management tool for millions of retirees, especially the affluent homeowner.
7 Takeaways from FHA’s Annual Report to Congress
Without audience targeting are Google Ads Dead? Think again… Early this month Google announced new restrictions for targeting specific audiences. The restrictions apply to content related to housing, employment, credit, and those who are disproportionately affected by societal biases. The news of these restrictions created quite a stir among
The Reverse Mortgage PARADOX
Despite being a government-sponsored and supervised loan reverse mortgages are rarely mentioned by housing agencies when discussing senior housing insecurity, foreclosure risks, and quality of life. It's the reverse mortgage paradox.
Podcast E647: Revision Improves HECM’s Economic Net Worth by $7B
Unable to use the embedded player? Listen here. Revision Improves HECM’s Economic Net Worth by $7B 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. Other
Podcast E644: HECM Program Improves Despite COVID
Unable to use the embedded player? Listen here. HECM Program Improves Valuation in FY 2020 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
