HUD

Senators Vow to Block All Nominees

Shannon HicksApril 29, 2018April 27, 2018

by Shannon HicksApril 29, 2018April 27, 20182 752

A long-term perspective of HECM endorsement volume Our nation’s capital is often referred to as the swamp in part for its political factions, bureaucratic battles and interagency turf wars. Recently two U.S. senators recently vowed to block any nominees for several key vacancies at the Department of Housing and Urban

Foreclosure claims stir Congressional scrutiny

Shannon HicksMarch 23, 2018March 23, 2018

by Shannon HicksMarch 23, 2018March 23, 20185 889

The number of allgeged ‘foreclosures’ have raised the eyebrows of lawmakers tasked with overseeing HUD's budget and the HECM program...

Will HECM Changes “Stop the Bleeding”?

Shannon HicksOctober 20, 2017November 14, 2018

by Shannon HicksOctober 20, 2017November 14, 20183 888

The Home Equity Conversion Mortgage has come under increased scrutiny with HUD’s annual reports to Congress and the ensuing actuarial reports showing wild and unpredictable swings i

NEW HECM Final Rules Begin Sept 19th

Shannon HicksSeptember 18, 2017September 18, 2017

by Shannon HicksSeptember 18, 2017September 18, 20173 742

HECM Final Rule Changes Begin Tommorw- Part 2: Interview with RMI’s John Lunde HUD’s HECM Final Rules go into effect tomorrow (9/19/2017) and include in part: For fixed rate HECMs, only a full-funded LESA may be used. Partially funded LESA’s will distribute LESA funds two times a year to the

HECM Changes: Followup Q&A with Survey Results

Shannon HicksSeptember 12, 2017September 11, 2017

by Shannon HicksSeptember 12, 2017September 11, 20174 821

Follow up on two biggest questions on HUD’s changes to HECM We had over 700 participants in last week’s webinar discussing HUD’s dramatic changes to the HECM program. Two of the most popular questions are answered along with the surprising results of our in-session surveys.

BREAKING: HUD Cuts PLF Factors, % Rate Floor & Increases Upfront FHA Insurance Premiums

Shannon HicksAugust 30, 2017September 6, 2017

by Shannon HicksAugust 30, 2017September 6, 201715 2220

Without any prior warning or industry comment, HUD formally announced an increase of upfront insurance premiums for all borrowers, regardless of initial distributions, to 2% upfront, and .5% for ongoing mortgage insurance premiums. The agency stated the need to ensure the continued economic sustainablity of the HECM program and its

Carson talks reforms, Scammer sentenced, SEC warns of de-listing

Shannon HicksJuly 24, 2017July 21, 2017

by Shannon HicksJuly 24, 2017July 21, 20171765

Scammer sentenced, Carson talks reverse mortgages, Walter faces possible de-listing from NYSE In this week’s edition: HUD Secretary Ben Carson supports reverse mortgage program while speaking for the need for reform. The New York Stock Exchange puts Walter Investment on notice. US Postal Service nabs reverse mortgage scammer in a

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Senators Vow to Block All Nominees

Foreclosure claims stir Congressional scrutiny

More Questions Than Answers

Will HECM Changes “Stop the Bleeding”?

NEW HECM Final Rules Begin Sept 19th

HECM Changes: Followup Q&A with Survey Results

BREAKING: HUD Cuts PLF Factors, % Rate Floor & Increases Upfront FHA Insurance Premiums

Carson talks reforms, Scammer sentenced, SEC warns of de-listing

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