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 readingHow a Reverse Mortgage Paid Off Twice!
CFPB 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 readingPresident Trump names acting HUD Secretary
A look at President Trump’s recent executive order addressing America’s housing affordability crisis and what it means for current and potential reverse mortgage borrowers.
Continue readingCould DOGE spell the end of the CFPB and defund HUD?
Could DOGE (The Department of Government Efficiency) spell the end of the CFPB and partially defund HUD? Will the incoming Trump administration use a hatchet or a scalpel when cutting the size of government?
Continue readingFHA Announces the 2025 HECM Limit
Mortgagee Letter 2024-22 was released on November 26th announcing the new HECM limit which will be in effect for 2025.
Continue readingWhat we know about Trump’s pick for HUD Secretary
What do the NFL, motivational speaking, and a think tank set up to lay the groundwork for Trump’s second term have in common? They’re all roles President-Elect Trump’s pick for Secretary of Housing and Urban Development has held. Meet…
Continue readingWill reverse mortgage surge in 2025? Here’s what one broker says
Corrina Carter, president and founder at CMS Mortgage, told Mortgage Professional America she expects reverse mortgage could become an increasingly viable option for many in 2025 and beyond.
Continue readingProject 2025 & The HECM Program
Project 2025 came to prominence during the election. Here’s what the controversial document says about potential HECM reforms and who wrote the chapter on housing policy
Continue readingThe HECM Under a 2nd Trump Administration
What will the HECM program look like under the Trump Administration and who are the likely candidates to lead HUD?
Continue readingA New CFPB Rule Would Increase Foreclosure Protections
A proposed CFPB rule would provide homeowners with increased foreclosure protections.
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