The Florida Housing Finance Corp launched the Elderly Mortgage Assistance Program (ELMORE) to provide financial assistance to delinquent HECM borrowers who need help bringing their property taxes and insurance current.
Loan Servicing
NRMLA Supports CFPB Exclusion for Reverse MortgagesMembers Only
NRMLA submitted comments this week to the Consumer Financial Protection Bureau in support of a proposal to exclude reverse mortgage when determining “small servicer” status.
NRMLA Submits Servicing Comments to CFPBMembers Only
NRMLA submitted comments to the CFPB in response to a proposed rule that implements new servicing guidelines.