The Department of Housing and Urban Development made several important announcements this week that impact the Home Equity Conversion Mortgage program. Here are the highlights: HUD published a … more Important HECM News From HUD
Industry News & Reference
Reminder Guidance for FHA-Approved Mortgagees Regarding Presidentially-Declared Major Disaster Areas
On Friday, September 10, the Federal Housing Administration issued a reminder to mortgagees about its guidance for originating and/or servicing FHA-insured mortgages in locations in the U.S. and … more Reminder Guidance for FHA-Approved Mortgagees Regarding Presidentially-Declared Major Disaster Areas
HMBS August 2021 Part II: Big Summer Continues
Outstanding HMBS rose to a record $56.6 billion in August 2021, as high levels of both issuance and HECM loan payoffs continued. HMBS payoffs once again exceeded $1 … more HMBS August 2021 Part II: Big Summer Continues
Social Security Trust Funds to Become Depleted One Year Sooner
This week, the Social Security Board of Trustees announced in its annual report that the combined asset reserves of the Old-Age and Survivors Insurance and Disability Insurance (OASI … more Social Security Trust Funds to Become Depleted One Year Sooner
Report: 82 Percent of U.S. Workers Saving for Retirement
Despite six in ten employed U.S. workers (60 percent) having made adjustments due to pandemic-related financial strain, 82 percent are still saving for retirement, including 84 percent of … more Report: 82 Percent of U.S. Workers Saving for Retirement
Servicing Corner: Is a LOC Guaranteed to Be Available For Borrowers?
Question: Is it okay to tell your clients that the Line of Credit is guaranteed and will always be available to them? Answer: No, the line of credit … more Servicing Corner: Is a LOC Guaranteed to Be Available For Borrowers?
NCOA Highlights How Home Equity Can Help People Age In Place
Two new reports from the National Council on Aging examine how home equity can impact cash flow and enable more older adults to age in place. Both reports … more NCOA Highlights How Home Equity Can Help People Age In Place
Understanding the Impact of Inflation on Social Security Benefits
The recent spurt in inflation is an important reminder that keeping pace with the cost of living is one very valuable feature of Social Security. However, a new … more Understanding the Impact of Inflation on Social Security Benefits
HUD Awards $30 Million to Help Older Homeowners Age In Place
The U.S. Department of Housing and Urban Development awarded $30 million to 32 nonprofit organizations, state and local governments and public housing authorities to perform home modifications for … more HUD Awards $30 Million to Help Older Homeowners Age In Place
HMBS July 2021: Long Hot Summer
HMBS issuers posted another strong month in July with just over $1.1 billion in new issuance, as refinancing activity continued to be strong. 106 pools were issued in … more HMBS July 2021: Long Hot Summer
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