The Federal Housing Administration published FHA Info #2021-02 to announce that FHA Connection will be updated to capture expanded borrower demographic information that aligns with Home Mortgage Disclosure … more FHA Connection Updated to Collect Expanded HMDA Data
Industry News & Reference
Fixing America’s Retirement Crisis: Ten Experts Offer Solutions
Forbs.com advisor Taylor Tepper asked ten leading retirement experts if they were God of Retirement for a day, how would they improve America’s retirement security system. Sarah … more Fixing America’s Retirement Crisis: Ten Experts Offer Solutions
Transamerica: Pandemic Exacerbates Retirement Security
One in five U.S. workers (21 percent) indicate their confidence in their ability to retire comfortably has declined in light of the coronavirus pandemic – and only 27 … more Transamerica: Pandemic Exacerbates Retirement Security
CFPB Updates Servicing Exam Procedures
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
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
Compliance Corner: Ordering the Counseling Session
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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?