HMBS issuers sold $712 million in new pools during January 2015, the highest total since December 2013.
FHA has released new model loan documents that incorporate non-borrowing spouse and financial assessment changes.
No matter how much information we provide to borrowers and their families, there will always be some who will never completely understand everything about reverse mortgages, or will forget what they learned over time.
The Consumer Financial Protection Bureau is taking legal action against a Maryland-based mortgage company for disseminating deceptive reverse mortgage advertising.
Starting April 1, HMBS issuers must document Eligible Non-Borrowing Spouses and property charge set-asides at the time of pooling, according to All Participants Memorandum 15-01.
A new term has entered the reverse mortgage vocabulary: Ineligible Non-Borrowing Spouse.
The U.S. Department of Housing and Urban Development today issued new guidelines on non-borrowing spouses and procedures for documenting existing non-HECM liens.
The Massachusetts legislature this week failed to restore a two-year delay for mandatory face-to-face counseling.
NRMLA submitted comments to federal regulators requesting an exemption for reverse mortgages from a proposed regulation that establishes new flood insurance escrows for “forward” mortgages.
HMBS issuers sold $6.6 billion in new pools during 2014, down 31% from 2013. 2014 was the lowest full year of issuance since 2008, when HMBS was a fledgling program that had yet to be adopted by most market participants.