HUD Mortgagee Letter Updates HECM Loan Application
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The US Department of Housing and Urban Development issued Mortgagee Letter 2010-07 to update loan documents for the Federal Housing Administration’s reverse mortgage product. In addition, FHA will no longer permit the use Freddie Mac … …
Less than 1000 Reverse Mortgage Counselors Have Passed Exam says HUD
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The US Department Housing and Urban Developments decision to require reverse mortgage counselors pass an exam is stumping veteran housing specialists says the Post and Courier. …
New Chief Financial Officer Sworn in at HUD
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The US Department of Housing and Urban Development announced that Doug Criscitello was sworn in today as the Chief Financial Officer at the agency. Criscitello is responsible for overseeing the financial management practices that ensure … …
Is a Reverse Mortgage Right For You? | REALTOR.com® Blogs
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Reverse mortgages are becoming an increasingly popular alternative mortgage product for homeowners who are senior citizens. A US Department of Housing and. …
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Is a Reverse Mortgage Right For You? | REALTOR.com® Blogs
Obama to Promote Annuities and Other Forms of Guaranteed Life Income
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The Department of Labor and the Department of the Treasury (the “Agencies”) are soliciting comments whether the agencies could or should enhance the use of lifetime income or other arrangements designed to provide a stream of income … …
FHA Appraisal Independence Implementation to Begin as Scheduled
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The Department of Housing and Urban Development announced by email that the enactment of ML 2009-28 (Appraiser Independence) will be implemented as planned on February 15, 2010. …
HUD Updates RESPA Frequently Asked Questions Document
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The US Department of Housing and Urban Development updated its Frequently Asked Questions (FAQ) document for the Real Estate Settlement Procedures Act (RESPA). The updates address a range of topics ranging from Appraisal Management … …
NewDay Financial Quickly Becomes Leading Reverse Mortgage Lender
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Looking at the top reverse mortgage lenders for the US Department of Housing and Urban Developments FY 2010, its hard not to notice a new name listed in the top 10. …
HUD Announces Changes to Help Borrowers Purchase Foreclosed Properties
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The US Department of Housing and Urban Development announced it was expanding a temporary policy to help borrowers access to FHA mortgage insurance and allow for the quick resale of foreclosed propertie… …
