Outstanding HMBS rose slightly in May, avoiding further decline thanks to some highly seasoned new issuance. Despite just under $1 billion in payoffs, total outstanding HMBS edged up … more HMBS May 2019 Part II: Seasoned Issuance Props up Float
The following section lists the primary regulations pertaining to the FHA’s Home Equity Conversion Mortgage Program, used by compliance, underwriting and servicing staff.
When asked whether they were saving enough for retirement, 45 percent of Americans age 60+ said they were on track, while 13 percent said they had no retirement … more Fed Survey: 45 Percent of 60+ Population Approve of Retirement Savings Rate
By Dr. Edward Seiler, vice president, Economics and Research, Dworbell, Inc. While tariffs may not be a central topic in the reverse mortgage landscape, I was asked a … more The Economist’s Corner—Household Debt
If HUD accepted assignments of HECM loans but allowed servicing to be retained by the current servicers, the health of the Mutual Mortgage Insurance Fund would improve without … more Urban Institute Advocates Servicing Reforms to Improve HECM
The future of reverse mortgage capital markets provided the theme of last month’s NRMLA Investors Conference in New York. In the month of May, HMBS issuers provided a … more HMBS: In the Month of May, “Gotta Find Me a Future, Move Out of My Way”
The following page shows annual HECM production from 1990 to the present by federal fiscal year and by calendar year from 2001 onward.
Today, the Federal Housing Administration extended the public feedback period on its proposed revisions to the Addendum to Uniform Residential Loan Application (Form 92900-A) posted on the Single Family Housing Drafting … more FHA Extends Public Feedback Period on Proposed Revisions to Form 92900-A
The Congressional Budget Office (CBO), an agency within the legislative branch that provides budgetary and economic information to Congress, published a report last week that presented four policy … more CBO Offers Solutions For Improving Financial Health of HECM Program
By Dr. Edward Seiler, vice president, Economics and Research, Dworbell, Inc. At last week’s Eastern Regional Meeting, I highlighted results from recent empirical studies that corroborate earlier findings: … more The Economist’s Corner: Factors That Affect the Propensity to Obtain a Reverse Mortgage