The District of Columbia Housing Finance Agency launched the ReMIT, or Reverse Mortgage Insurance and Taxes, to provide financial assistance to qualified District homeowners who are delinquent on … more DC Housing Launches Reverse Mortgage Assistance Program
Loan Servicing
CFPB Highlights HECM Servicing in Supervisory Report
The Consumer Financial Protection Bureau published the 18th edition of its Supervisory Highlights this week that included an explanation of the timelines and processes that HECM servicers follow … more CFPB Highlights HECM Servicing in Supervisory Report
Financial Assessment Is Working (Part IV)
Financial Assessment is still working. FHA’s new policy of requiring a financial assessment (“FA”) of the borrower’s ability to pay has cut tax and insurance default by nearly … more Financial Assessment Is Working (Part IV)
HUD Issues FHA Info #17-40 with HECM Updates and Reminders in Advance of Final Rule
According to FHA Info #17-40, on September 18, 2017, the Federal Housing Administration (FHA) will update its FHA systems to accommodate: The implementation of origination and servicing policies … more HUD Issues FHA Info #17-40 with HECM Updates and Reminders in Advance of Final Rule
Financial Assessment Is Working (Part III)
Financial Assessment is still working. FHA’s new policy of requiring the financial assessment (“FA”) of the borrower’s ability to pay has cut tax and insurance default by nearly … more Financial Assessment Is Working (Part III)
Financial Assessment Looks Better and Better
Financial Assessment is still working, only more so. FHA’s new policy of requiring financial assessment (“FA”) of the borrower’s ability to pay has cut tax and insurance default … more Financial Assessment Looks Better and Better
Financial Assessment Works
Financial Assessment is working. FHA’s new policy of requiring financial assessment (“FA”) of the borrower’s ability to pay has cut tax and insurance default by two-thirds and serious … more Financial Assessment Works