In March, we explored the difference between Home Equity Conversion Mortgage (HECM) “expected rates” and “note…
Tag: FHA
Assumable mortgage platform Roam partners with national lender on down payment assistance
New York-based assumable mortgage platform Roam rolled out a new partnership with national lender Spring EQ…
FHA extends foreclosure moratorium on Hawaiian island of Maui
The Federal Housing Administration (FHA) on Friday published Mortgagee Letter 2024-08, which extends a foreclosure moratorium…
Reverse mortgage professionals react to H4P rule changes
After the release of proposed new rules for the Home Equity Conversion Mortgage (HECM) for Purchase…
HUD, USDA reach accord on energy-efficiency standard for new construction
The U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of Agriculture (USDA)…
HUD walks back some proposed changes to HECM for Purchase program
The U.S. Department of Housing and Urban Development (HUD) on Friday announced that a proposed change…
GSEs will not count buyer agent commissions as IPCs
Fannie Mae and Freddie Mac will not count buyer’s agent commissions as part of their allowable…
Judge allows bulk of Texas Capital case against Ginnie Mae to proceed
The federal judge overseeing a case brought by Texas Capital Bank (TCB) against Ginnie Mae has…
What a tech entrepreneur has discovered about reverse mortgages
Anna Frankowska was recognized in 2017 as one of Forbes’ “30 Under 30” in Europe, having…
Retail reverse mortgage production took a hit in January
While reverse mortgage volume in 2024 got off to a rocky start, new data that breaks…