The HMBS market shrank for the first time as record prepayments drove total outstanding HMBS to just under $55 billion. HMBS issuers created 97 pools in December 2016, … more Honey, We Shrank the Float: HMBS Supply Drops for First Time
The HOPE NOW Alliance and ClearPoint Credit Counseling Solutions are collaborating on a one-year pilot program that assists homeowners in California who have reverse mortgage issues, concerns and … more New Collaboration Focuses on CA Borrowers
The Federal Housing Administration is implementing a Loan Review System that provides an electronic platform for FHA loan-level file reviews and other quality control functions for Title II … more New Mortgagee Letter: FHA Creating Loan Review System
A research paper that came out in October 2016, and was presented last week at the Society of Actuaries Living to 100 Symposium, recommended reverse mortgages as part … more Challenges and Strategies for Financing an Increasingly Long Life
In response to a 60-Day Notice of Proposed Information Collection published on November 22 by the Department of Housing and Urban Development, a working group formed by the … more Reassessing HECM Loan Documents
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RMF remains the #1 HMBS Issuer for 2016, issuing $2.001 billion of securities for a 21.8% market share, just $9.45 million more than AAG’s $1.991 billion and 21.7% … more HMBS Issuer Rankings Full Year 2016 – RMF Maintains Razor Thin Margin for the Crown