HUD Extends Deadline for Audited Financials of FHA Loan Correspondents
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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 … …
Real Estate Realities: REVERSE MORTGAGES – LOAN TYPES & COSTS
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The most well-known and widely available reverse mortgage is the federally-insured Home Equity Conversion Mortgage (HECM). This loan is backed by the U. S. Department of Housing and Urban Development (HUD) and can be used for any … …
What Is a Reverse Mortgage?: HUD Reverse Mortgage Explained to …
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According to the U.S. Department of Housing and Urban Development’s Web site (HUD), their Home Equity Conversion Mortgage (HECM) is a reverse mortgage that is a “special type of home loan that lets you convert a portion of the equity in … …
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
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 … …
Former GNMA CEO Says Enough With All the Negative Press Related to …
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We are all frustrated with the amount of negative press reverse mortgages receive and former Ginnie Mae CEO Joe Murin has joined the club. In his Voice of Housing column for Mortgage News Daily, Murin writes, “I have had about all I can … …
