HREMIC issuance ended 2014 at $5.05 billion, with 25 transactions underwritten by 5 different sponsors.
A new study published by Interest.com shows retirees in all but one state (NV) have not saved recommended threshold of 70% of their pre-retirement income
In its 2014 Annual Report to Congress on the Financial Status of the FHA Mutual Mortgage Insurance Fund, HUD reported an impressive two-year gain of $21 billion dollars from a 2013 negative value of $16.3 billion to a 2014 positive value of $4.8 billion.
NRMLA asked the CFPB to delay further implementation of a proposed regulation that would require reverse mortgage companies to submit HMDA data until concerns raised by the industry are addressed.
On September 18, the Supreme Court of Nevada held that Nevada law gives a homeowners’ association (“HOA”) a super-priority lien on an individual homeowner’s property for up to nine months of unpaid HOA dues.
NRMLA submitted comments last week to the Department of Housing and Urban Development supporting the Federal Housing Administration’s proposed Loan Quality Assurance Methodology.
Federal regulators issued the final Risk Retention Rule as required by the Dodd-Frank Act.
The Georgia Department of Banking and Finance barred lenders from ever again applying for mortgage banker or mortgage broker licenses. Find out why.
California Gov. Jerry Brown signed a new consumer protection bill that imposes a 7-day “cooling off” period between the time a borrower is counseled and the application begins.
The Center for Retirement Research at Boston College has published a new booklet that explains to aging homeowners how they can use their largest asset to finance their retirement years.