The Problem With Being House Rich
What are the problems with being house-rich? One columnist explains the downside of locked-up home equity...
foreclosure
‘More reverse mortgage servicing protections needed’
The NCLC recommends the CFPB & the FHA create these reverse mortgage servicing protections After several years of servicing issues for both borrowers and their heirs reverse mortgage originators and lenders alike welcomed the news in March 2022 that Celink had been awarded the servicing of HECM loans held in
HECM Counseling committee addresses property defaults
HUD's Housing Counseling Federal Advisory Committee met and looked at lingering issues in HECM loans- including some borrowers who unexpectedly ended up in foreclosure.
Bill would preserve home equity in foreclosures
California Senate Bill 1323 would require lenders in foreclosure proceedings to hire a realtor and sell the secured property for its appraised value on a multiple listing service has passed the California Senate Judiciary Committee...
Foreclosure starts surge 700%
Foreclosure starts are up 702% from December to January with 32,900 loans. What does this mean for the housing market and reverse mortgage lenders?
Nearly 700K seniors were behind on mortgage last year
The Maryland Daily Record interviewed industry leader Steven Sless who reported that nearly 700,000 seniors were behind on their mortgage payments last year.
The HECM as a Therapeutic for Foreclosure
With the CFPB reporting that nearly 1 million homeowners 65 and older at risk of foreclosure, isn't now the time to administer proactive therapeutics to prevent foreclosure?
HECM Refis are not growing our market
Unable to use the embedded player? Listen here. EPISODE #681 HECM Refis are not growing our market RMI’s John Lunde told RMD while HECM endorsements are strong our industry’s production is not quite as robust as one may believe when considering HECM-to-HECM refinances. Other Stories: Will there be a wave
