The Consumer Financial Protection Bureau has updated its reverse mortgage servicing examination procedures. The CFPB’s reverse mortgage servicing examination procedures were last updated on October 30, 2016. As … more CFPB Updates Servicing Exam Procedures
Loan Servicing
Financial Assessment Is Working (Part VI)
Financial Assessment is still working. Now in its sixth year, FHA’s policy of requiring the financial assessment (FA) of borrowers’ ability to pay has cut tax and insurance … more Financial Assessment Is Working (Part VI)
Servicing Corner: Being Out of the Home For Extended Periods
NRMLA publishes the “Servicing Corner” so that we can better educate our readers on the most commonly asked questions that loan officers ask about HECM servicing guidelines. This … more Servicing Corner: Being Out of the Home For Extended Periods
Servicing Corner: Can I Sign the Occupancy Certificate For My Mom?
Weekly Report has added a new section called the “Servicing Corner” so that we can better educate our readers on the most commonly asked questions that loan officers … more Servicing Corner: Can I Sign the Occupancy Certificate For My Mom?
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