Automatic Website Traffic RSS

How will FHAÕ new HECM appraisal rules affect reverse mortgage lending?

The latest change to the reverse mortgage program was just announced, and it requires a second appraisal on select HECM loans. Now, the industry is abuzz with speculation as to just how impactful ... read more

Committee tracks impact of FHA’s second appraisal rule

Members of the HUD Issues Committee within the National Reverse Mortgage Lenders Association are taking a deep dive into the Federal Housing Administration’s second appraisal rule for select ... read more

Changes May Be Coming To Reverse Mortgage Rules, But What Do ... - Forbes

A proposal that “FHA eliminate HECM-to-HECM refinances as these loan transactions result in greater appraisal inflation, increasing program costs, and negatively impacting GNMA guaranteed HECM ... read more

FHA Proposes New Rule to Strengthen HECM Program

The Federal Housing Administration (FHA) is proposing a new rule that it claims will strengthen its Home Equity Conversion Mortg. The Federal Housing Administration ... California Mortgage Expo — ... read more

Just Approved: FHA allows “drive-by” appraisals for HECM reverse ...

Mortgage loan originator: David Chee, CPA, HighTechLending Inc. Just Approved: FHA allows “drive-by” appraisals for HECM reverse mortgage because of COVID-19 SF Gate Logo Hearst Newspapers Logo ... read more

New reverse mortgage rules set by HUD - ksdk.com

Are you considering a reverse mortgage? Discover how the HUD's changes to the rules governing reverse mortgages will affect you as a potential candidate. Skip Navigation. Share on Facebook; ... read more

Propriety Reverse Mortgage Products Could Eclipse FHA's HECM ... - Forbes

The reverse mortgage market world heads in reverse away from the government created Home Equity Conversion Mortgage (HECM) and towards new propriety products. This is an encouraging sign because ... read more

FHA Changes Appraisal Policy on HECM Properties

The Federal Housing Administration (FHA) will now requiring lenders originating new Home Equity Conversion Mortgages (HECMs) to provide a second property appraisal in cases where the agency believes ... read more

Equity Access Group Embraces New $1.2M HECM Lending Limit, Reinforces ...

Last three increases in HECM lending limits Equity Access Group backs the new $1.2M HECM limit, boosting seniors’ access to home equity and expanding jumbo reverse mortgage options. CA, UNITED ... read more

Reverse Mortgages: Impact Of New Rules On Borrowers

R ecently, the Federal Housing Administration (FHA) tightened eligibility requirements for the most common reverse mortgages -- Home Equity Conversion Mortgages (HECM), FHA-insured loans from ... read more