An audit conducted by HUD’s Inspector General on the effectiveness of Life Expectancy Set-Asides has concluded that an estimated 1,237 HECM borrowers are at risk of seeing their … more HUD OIG Highlights LESA Concerns
Loan Servicing
Servicing Corner: Reverse Mortgage Loan Sales and Servicing Transfers a Normal Part of Today’s Lending Landscape
(Sponsored content provided by Celink) Loan sales and servicing transfers are not only common, they are essential to how the market operates. Yet many homeowners are surprised when … more Servicing Corner: Reverse Mortgage Loan Sales and Servicing Transfers a Normal Part of Today’s Lending Landscape
NY Clarifies Law Regarding Payoffs and Discharges
(Republished with permission from Weiner Brodsky Kider)On February 13, 2026, the governor of New York signed into law clarifications to a previous amendment of the state’s procedures for … more NY Clarifies Law Regarding Payoffs and Discharges
CFPB Settlement Checks Sent to HECM Borrowers
Reverse mortgage borrowers whose loans were previously serviced by HUD’s servicing subcontractor NOVAD Management Consulting, LLC may receive a reimbursement check in the mail resulting from a lawsuit … more CFPB Settlement Checks Sent to HECM Borrowers
Servicing Corner: August is “Write a Will” Month
August is “Write a Will” Month: Why a Will Is Especially Important for Reverse Mortgage Borrowers As August nears, it’s the perfect time to reflect on something essential … more Servicing Corner: August is “Write a Will” Month
FHA Expands Presidentially-Declared Disaster Area in Texas
The Department of Housing and Urban Development expanded the Presidentially-Declared Major Disaster Area (PDMDA) declaration in Texas to include Burnet, Kendall, Kerr, Kimble, Llano, Mason, McCulloch, Menard, San … more FHA Expands Presidentially-Declared Disaster Area in Texas
HUD Provides Foreclosure Relief to Texans Impacted by Floods
The U.S. Department of Housing and Urban Development announced a 90-day foreclosure moratorium on FHA-insured single-family mortgages in Kerr County, Texas. Why it matters: HUD says there are … more HUD Provides Foreclosure Relief to Texans Impacted by Floods
CA Launches Program to Help Homeowners Impacted by Wildfires
California launched the CalAssist Mortgage Fund to offer financial aid to homeowners whose properties were destroyed or left uninhabitable by recent fires and floods. Why it matters: The … more CA Launches Program to Help Homeowners Impacted by Wildfires
Servicing Corner: Understanding Insurance Claims and Reverse Mortgages
In the wake of the devastating wildfires in Southern California, it’s essential for industry professionals and reverse mortgage borrowers to understand how insurance claims work for properties with … more Servicing Corner: Understanding Insurance Claims and Reverse Mortgages
NRMLA Asks HUD to Extend ORCA Initiative to HECM
NRMLA has asked the Department of Housing and Urban Development to consider extending its Optional Reimbursement Claim Alternative (ORCA) to the HECM program. Earlier this year, HUD published … more NRMLA Asks HUD to Extend ORCA Initiative to HECM
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