Reverse Mortgage Loans

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The US Department of Housing and Urban Development sent out a notice stating that the Federal Housing Administration (FHA) is extending the deadline for the submission of audited financial statements for loan correspondents seeking … …

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The Federal Financial Institutions Examination Council (FFIEC) released an updated edition of its white paper on mortgage fraud detection and deterrence. …

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FFIEC: Reverse Mortgage Market Growth Has Created Lucrative …

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Reverse mortgage applications have taken a dramatic turn for the worse since the Federal Housing Administration lowered principal limits for its reverse mortgage (HECM) program. …

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The Mortgage Bankers Association sent a letter to the Federal Financial Institutions Examination Council (FFIEC), saying it supports efforts by the agency to provide supervisory action to lenders on reve… …

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Home Equity Conversion Mortgages (HECMs) are the only reverse loans that are insured by the federal government. Only reverse mortgage lenders approved by the Federal Housing Administration (FHA) can offer HECMs, which are the most … …

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Most of Washington DC ground to a halt this week as not one but two blizzards hit Washington in less than a week. The Federal Reserve closed for at least a day, and Congress delayed all votes until next week. …

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The financial crisis has made the Home Equity Conversion Mortgage (HECM), insured by the Federal Housing Administration, the only reverse mortgage in the market. Yet the HECM has been strengthened by higher loan limits and new options, … …

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The US Department of Housing and Urban Development published the 2011 Congressional Justifications for the FY 2011 Budget which provides more information regarding the OMB’s $250 million credit subsidy request for the Federal Housing … …

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When you are considering a reverse mortgage, you will find three main reverse mortgage programs available today. The first one is called the Home Equity Conversion Mortgage (HECM), insured by the federal government. … …

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Volume of the Federal Housing Administration’s reverse mortgage program, the Home Equity Conversion Mortgage (HECM) grew to $30.2 billion in FY 2009 according to budget documents released earlier this week. …

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