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FHA proposes changes to HECM borrower payments if lender defaults - HousingWire

The proposed guidance would revise FHA’s investigation requirements when a lender is unable to make a borrower payment under a HECM. read more

FHA Eases Requirements for HECM Claim Payments

In an effort to streamline the Home Equity Conversion Mortgage claim payment process, the Federal Housing Administration announced Monday that it has updated requirements for servicers assigning ... read more

FHA Looks to Shore Up Finances with New MIP Changes

Federal Housing Administration Commissioner Carol Galante has just announced several significant changes to FHA requirements, processes, and fees in an ongoing effort by the agency to shore up its ... read more

FHA Tackles New HECM Changes – NMP

As part of an ongoing effort to strengthen the Mutual Mortgage Insurance Fund and preserve the financial soundness of the HECM program, the Federal Housing Administration (FHA) has announced new HECM ... read more

FHA eases document requirements for reverse mortgage insurance claims

The relaxed requirements, which take effect immediately, are designed to give servicers of Home Equity Conversion Mortgages more options when filing claims and speed up the payment process, the FHA ... read more

HECM Assignment Claim Type 22 Submission Requirements Amended - National Law Review

Further, for HECMs with FHA case numbers assigned before September 19, 2017, Mortgagee Letter 2023-10 extends the timeline for delivering recorded assignments of the HECM mortgage from six months ... read more

Construction and Data Validation Products; FHA, VA, HECM Changes

Lenders making tough personnel decisions can’t “kick the can down the road” like Congress and the President. On Dec. 8, the National Flood Insurance Program (NFIP) was set to expire. read more

Changes May Be Coming To Reverse Mortgage Rules, But What Do They Mean? - Forbes

Last month, the Trump Administration announced proposed changes to the U.S. Department of Housing's reverse mortgage program, the Home Equity Conversion Mortgage (HECM). Senior reverse mortgage ... read more

Reverse mortgage program remains threat to FHA’s financial health

“The changes FHA made to the principal limit factor and the adjustments HECM premium in 2017 were designed to help, but did not and were not intended to fully solve the financial volatility of the ... read more

HUD Updates MIP for HECM Program – NMP

The Department of Housing and Urban Development (HUD) has announced changed to its Home Equity Conversion Mortgage (HECM) program. In a statement issued by HUD, the department noted that the initial ... read more