By Weiner Brodsky Kider PC Multiple sources have reported that FHA Commissioner Brian Montgomery recently stated that the Trump administration wants to curtail the use of the False … more FHA to Reduce False Claims Act Use in FHA Lending
Regulations
NRMLA Participates in Bureau Roundtable
Representatives from NRMLA participated in a recent roundtable hosted by the Bureau of Consumer Financial Protection to gather feedback on 12 Requests for Information (RFIs) issued by the … more NRMLA Participates in Bureau Roundtable
Key HECM Regulations and Resource Materials
The following section lists the primary regulations pertaining to the FHA’s Home Equity Conversion Mortgage Program, used by compliance, underwriting and servicing staff.
BCFP Announces New Office of Innovation Director
Bureau of Consumer Financial Protection Acting Director Mick Mulvaney selected Paul Watkins to lead the Bureau’s new Office of Innovation. Acting Director Mulvaney recently created the Office of … more BCFP Announces New Office of Innovation Director
NRMLA Suggests Ways to Improve BCFP Complaint Process
The Bureau of Consumer Financial Protection can streamline its consumer complaint process by distinguishing questions from legitimate complaints and allowing financial services companies to provide expedited responses in … more NRMLA Suggests Ways to Improve BCFP Complaint Process
Loan Review System User Manual Update
The Federal Housing Administration announced in FHA Info #18-29 that it has published version 1.1 of the Loan Review System (LRS) User Manual on the Loan Review System … more Loan Review System User Manual Update
NRMLA Comments on BFCP Consumer Education Initiatives
The Bureau of Consumer Financial Protection should provide consumers with more information about retirement planning and the role of home equity in funding longevity, but it should first … more NRMLA Comments on BFCP Consumer Education Initiatives
FHA Commissioner Touts HECM Benefits at Press Briefing
In his first press conference since being confirmed as Federal Housing Administration Commissioner on May 23, Brian Montgomery reaffirmed FHA’s commitment to the Home Equity Conversion Mortgage program, … more FHA Commissioner Touts HECM Benefits at Press Briefing
Reverse Mortgage Assistance in Puerto Rico
The non-profit HOPE Now Alliance has organized free counseling for families in Puerto Rico who were impacted by Hurricane Maria and need help with their reverse mortgages. Counselors … more Reverse Mortgage Assistance in Puerto Rico
FHA Eliminates Inspector Roster
A new final rule (Docket No. FR-5457-F-02) from the Federal Housing Administration streamlines inspection requirements for FHA single-family mortgage insurance by eliminating the FHA Inspector Roster. According to … more FHA Eliminates Inspector Roster