Reverse Mortgage Loans

————————-

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 … …

Read more of this >>

————————-

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 … …

Read more of this >>

————————-

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. …

Read more of this >>

————————-

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 … …

Read more of this >>

————————-

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, … …

Read more of this >>

————————-

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. …

Read more of this >>

————————-

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. …

Read more of this >>

————————-

The Obama Administration announced earlier this week that it was requesting a $250 million credit subsidy for the Federal Housing Administration’s reverse mortgage program along with a contingency appropriation to meet all program … …

Read more of this >>

————————-

The Obama Administration is requesting $250 million in credit subsidy for the Federal Housing Administration’s reverse mortgage program along with a contingency appropriation to meet all program demand, even if demand exceeds … …

Read more of this >>

————————-

The Federal Housing Administration’s Mortgagee Review Board (MRB) announced yesterday that it was taking action against Cooper and Shein, LLC (dba Great Oak Lending Partners) for misleading advertising practices. …

Read more of this >>