HMBS issuers created $845 million in new HMBS pools during June 2015, the second largest HMBS issuance since November 2013, down $29 million from May but substantially higher … more Strong HMBS Issuance Continues in June
Addressing the White House Conference on Aging this week, President Barack Obama outlined his top priorities for enhancing retirement security for aging Americans, which includes modernizing Social Security, … more Solving the Retirement Funding Crisis
Rhode Island has amended its statute regulating reverse mortgage loans. As amended, the statute allows a reverse mortgage lender to perform certain actions in processing a reverse mortgage … more Rhode Island Amends Reverse Mortgage Statute
AAG, which started its HMBS program just two years ago this month, is the leading HMBS issuer for the first half of 2015. After more than 5 years … more HMBS Issuer 2015 First Half League Tables – AAG Overtakes RMS
HREMIC issuance for the first six months of 2015 was $4.27 billion, or 85% of 2014’s full year $5.05 billion. There were 15 transactions underwritten by three sponsors, … more HREMIC Issuance 2015 First Half – Nomura Eclipses BAML for #1
In a televised interview last weekend, Housing Secretary Julian Castro said same-sex couples who live in states that previously did not recognize gay marriage can now take advantage … more Historic Marriage Ruling
As part of its ongoing efforts to improve loan quality and expand access to credit, the Federal Housing Administration published the Single Family Loan Quality Assessment Methodology or … more FHA Unveils Loan “Defect Taxonomy”
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On June 12, 2015, HUD released Mortgage Letter 2015-15, which amends regulations for HECMs with FHA Case Numbers assigned prior to August 4, 2014, to provide a revised … more HUD Reverses Course/Helps More Non-Borrowing Spouses
Fannie Mae updated its reverse mortgage servicing manual by consolidating information published in 2010 with guidelines dating from 1996 through 2003.