HUD’s September 2019 HECM Endorsement Summary Report released this week shows a total of 2,420 endorsements, 3.4% higher than August’s 2,341 units, our writeup of which can be … more HECM Endorsement Analytics – September 2019
President Trump announced this week that he will nominate current Assistant Secretary of Housing/Federal Housing Administration Commissioner Brian Montgomery to be the next Deputy Secretary of the U.S. … more President To Nominate Montgomery As Next Deputy HUD Secretary
Today, the Consumer Financial Protection Bureau issued a rule that extends for two years the current temporary threshold for collecting and reporting data about open-end lines of credit … more CFPB Issues Final HMDA Rule
In its FY2019 Q3 report to Congress on the financial state of the Mutual Mortgage Insurance Fund, the Department of Housing and Urban Development reported credit subsidy rates … more Health of HECM Continues To Improve
Outstanding HMBS fell by $182 million in September, as strong payoffs outweighed a decent issuance month. Payoffs once again totaled just under $1 billion. Total outstanding HMBS fell … more HMBS September 2019 Part II: HMBS Float Falls Again
The following section lists the primary regulations pertaining to the FHA’s Home Equity Conversion Mortgage Program, used by compliance, underwriting and servicing staff.
If you need eight hours of continuing education credits to maintain your NMLS license, don’t settle for a class that’s almost exclusively focused on forward mortgage issues. NRMLA … more Tired of Forward Mortgage CE?
By Jim Milano, Weiner Brodsky Kider PC The California Department of Real Estate (“DRE”) published an advisory to remind persons who intend to apply for a mortgage loan … more CA Department of Real Estate S.2155 Advisory
The Federal Housing Administration published Mortgagee Letter 2019-17 on September 27, which outlines the updated origination requirements for Home Equity Conversion Mortgages in condominium projects in accordance with … more FHA Publishes Implementation Requirements for Condo Units
The following page shows annual HECM production from 1990 to the present by federal fiscal year and by calendar year from 2001 onward.