The Federal Housing Administration last week established a monthly growth rate for Life Expectancy Set-Asides and clarified a discrepancy between the HECM Financial Assessment and Property Charge Guide … more FHA Establishes LESA Growth Rate
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HMBS issuers sold $635 million in new pools during February 2015, the third highest total since December 2013. Issuance was down from the $712 million in January but … more HMBS Maintains Healthy Clip in February
Keep Your Home California announced a new effort to help low- and moderate-income homeowners avoid foreclosure on their reverse mortgages.
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.