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Reverse mortgage industry reacts to FHA’s hint at future policy changes

Last week, the Federal ... commitment to the HECM program.” Kristen Sieffert, president of Finance of America Reverse, said that possibility of future program changes highlights the need for more deve... read more

Despite Gain, Reverse Mortgages Continue to Weigh on FHA Insurance Fund

The reverse mortgage portion of the Federal Housing Administration ... the risks presented by the HECM portfolio, noting that the agency is committed to monitoring and improving the program, and that ... read more

Strong FHA audit indicates now is the time to fix FHA’s infrastructure, reverse mortgage risk

Now it the time to fix FHA’s safety and soundness infrastructure to ensure the program remains strong and independent.” NHC also supports major reform of the HECM reverse mortgage program ... to effec... read more

Mutual Mortgage Insurance Fund Outperforms for Fourth Year in a Row

The Federal Housing ... FHA's single-family mortgage insurance programs, including all forward mortgage purchase and refinance transactions, as well as mortgages insured under the Home Equity Conversi... read more

FHA: No PLF changes for reverse mortgages

The Federal Housing Administration ... not be issuing further reverse mortgage program changes just yet, keeping current principal limit factors and mortgage insurance premiums intact. FHA Commissione... read more

HECM Program Changes: An Emergency or an Excuse?

Changes are likely coming to the Federal Housing Administration’s (FHA) Home Equity Conversion Mortgage (HECM) reverse ... Program. Two years ago, HUD said they were developing a rule proposal regardi... read more

Federal Government Makes Changes To Reverse Mortgages

But the Department of Housing and Urban Development has offset that rise by introducing another reverse mortgage -- the Home Equity Conversion Mortgage Saver -- which ... can't borrow as much under th... read more

HUD limiting reverse mortgages for seniors

The federal reverse-mortgage program, officially called a home equity conversion mortgage (HECM), has been marked by problems ... such as paying property taxes and insurance. A key change to the progr... read more

‘Trusted Advisors’ Key to Federal Savings Bank HECM Growth

Like other lenders in the market, The Federal Savings Bank has adapted to the new reverse mortgage lending landscape since the Home Equity Conversion Mortgage program changes hit in October ... and th... read more

Fixing the Dysfunctional HECM Reverse Mortgage Market

His site has information on HECMs and includes HECM prices submitted by seven reverse mortgage ... mortgages are insured against loss by the Federal Housing Administration. Here are the major ways in ... read more

The Real Deal New York

The agency also plans to institute other changes that could make obtaining a reverse mortgage tougher for some applicants, such as financial qualification standards and escrow set-asides for taxes and ... read more