Automatic Web Traffic Generator

FHA Commissioner Talks HECM Program Benefits to Seniors, Potential Changes

The possibility of new HECM program changes was one of the topics that was discussed in an interview between RMD and FHA Commissioner and Acting Deputy ... launched RMD Podcast – the Commissioner ... read more

FHA Commissioner Outlines Recent Updates and Discusses New Policy Initiatives

These include a new product option for FHA’s Home Equity Conversion Mortgage (HECM), changes to our Mortgage Insurance Premiums (MIPs), and new credit score and down payment requirements for FHA ... read more

The Risks Of Reverse Mortgages

My last couple of posts, beginning with The Mortgage is Dead; Long Live the Reverse Mortgage, have extolled the virtues of the improved FHA HECM reverse mortgage ... In What's the Deal with Reverse ... read more

Navigating a Changing Reverse Mortgage Market

In the wake changes in the marketplace and concerns about the ... "How to Navigate the Changing Reverse Mortgage Market," presents an overview of the HECM reverse mortgage product and discusses some ... read more

CBO Report Offers 4 Options for Renewed HECM Program Health

Second, the report discusses reducing the trigger for assigning HECMs to FHA from 98 percent of the maximum ... This option’s viability is reduced because a change of that magnitude would likely make ... read more

FHA Tackles New HECM Changes

the Federal Housing Administration (FHA) has announced new HECM program policies. Two Mortgagee Letters were published; a Mortgagee Letter announcing changes to the HECM program and a Mortgagee Letter ... read more

FHA, VA Updates; Ginnie Mae Overview

Ginnie Mae will consider potentially ... 2017; and The changes to the HECM Mortgage Insurance Premium Rates and Principal Limit Factors announced in Mortgagee Letter 2017-12 on August 29, 2017. While ... read more

HUD Secretary Carson Issues Remarks at Urban Institute Forum

whereby reverse mortgage lenders cannot close HECM-insured loans unless they submit a property value appraisal and receive FHA approval in advance. This was significant change in HUD policy, but an ... read more

Federal Housing Administration In The Reverse-Mortgage Market

The federal government plays a large role in supporting the market for reverse mortgages, and policymakers have shown interest in modifying that support - for example, through changes that ... ... read more

NRMLA News

Bob Corker calling for a two-year moratorium on the HECM program; a request from HUD asking for the authority to make “blunt changes” to the program ... Financial Services Committee narrowly pass an ... read more

FHA makes changes and additions to its reverse mortgage program

You can change your payment options for a fee of $20. Unlike ordinary home equity loans, a FHA reverse mortgage HECM does not require repayment as long as the home is your principal residence and the ... read more

FHA Changes Appraisal Policy on HECM Properties

the new policy is designed to reduce risks to its Mutual Mortgage Insurance Fund and protect the health of the FHA’s HECM program. In a 2017 evaluation, the Department of Housing and Urban Development ... read more