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More Thoughts On Curbing Hud Losses On Reverse Mortgages | AutoTraffic WooCommerce

New options open for homeowners seeking a reverse mortgage

You’ve probably seen actor Tom Selleck suavely pitching federally insured reverse mortgages on TV and thought ... dollar insurance-fund losses, FHA has tried to rein in the reverse-mortgage ... read more

JACK GUTTENTAG, PHD.: Curbing HUD losses on HECM reverse mortgages

The HECM reverse mortgage program has ... an objective that protects FHA against loss. For these “solid seniors,” the HECM is optional but very few exercise the option. HUD’s objective should be to at... read more

Seniors face more foreclosures as reverse mortgages bite back

“We thought ... Mortgage, a unit of Detroit-based Quicken Loans. Best of all, he says, “You remain the owner of your home.” Gregg Smith, president of One Reverse, praised the FHA for tightening up on ... read more
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MGIC Investment Corporation (MTG) CEO Patrick Sinks on Q3 2018 Results - Earnings Call Transcript

The good news is that the rules are now published, and while they certainly could change in the future, we expect some period stability, which allows us to more ... reverse mortgage business. Next ... read more

Reverse mortgages not for the uninformed

During the real estate boom, I encountered a lot of people who thought ... Most reverse mortgages are offered through the Department of Housing and Urban Development and are guaranteed by the Federal ... read more

Condos are becoming FHA no-lending zones

For young first-time buyers, people with modest down-payment cash or seniors who want to tap their equity using a reverse mortgage ... FHA loan — a loss solely attributable to the condominium's noncer... read more

Ginnie Mae Official Issues Warning About HECM-to-HECM Refinances

Ginnie Mae is actively working with the Veterans Affairs lending community to stop predatory refinancing, according to a top official — and the reverse mortgage ... thought this would be fairly routin... read more

Reverse Mortgage Counterpoints and Updates--How Many People Turn 62 Every Day?

The FHA's insurance fund is out of the headlines, having moved above the mandated 2% level. (Yes, for the first time since 2008!) Everyone agrees that the increase is primarily due to the reverse mort... read more

Reverse mortgages: Making a powerful tool easy to understand

“A reverse mortgage is just one option among many mortgage choices (conventional, FHA ... Thought, a non-profit organization providing healthy, non-perishable breakfasts and lunches for more ... read more

More seniors face foreclosures as reverse mortgages bite back

“We thought ... Mortgage, a unit of Detroit-based Quicken Loans. Best of all, he says, “You remain the owner of your home.” Gregg Smith, president of One Reverse, praised the FHA for tightening up on ... read more

Ocwen Financial: Calling Republican Lawmakers What Is Going On With The CFPB

By far, ocwen has the best performance to this subprime IO far better than NSM who is refiing many more loans into FHA or GNMA. NRZ needs diversity ... after taking out the "servicer advances" and "re... read more

FHA pulls housing head fake on condo communities

Last week, ostensibly yielding to a congressional mandate to make consumer-friendly FHA mortgages more widely available in condominiums ... FHA insists it needs such a threshold to avoid defaults and ... read more
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