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 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 … …

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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 … …

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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 … …

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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 … …

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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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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. …

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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 … …

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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… …

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The US Department of Housing and Urban Development will publish a new reverse mortgage counseling protocol next month according to the National Reverse Mortgage Lenders latest Monday Report. After the protocol is published, HUD said it … …

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