The Department of Housing and Urban Development published a notice in the Federal Register that announced its intention to sell 1,265 HECM notes secured by vacant properties with … more HUD Announces Next HECM Note Sale
Regulations
CFPB: Reverse Mortgages Represent Two Percent of Complaints
Out of 27,99 mortgage-related complaints submitted to the Consumer Financial Protection Bureau in 2023, approximately 400, or two percent, were brought against reverse mortgage companies, according to the … more CFPB: Reverse Mortgages Represent Two Percent of Complaints
HUD Solicits Feedback on HECM Application and Origination Documents
The Department of Housing and Urban Development published a notice in the Federal Register seeking feedback on certain documents that must be used in connection with HECM applications … more HUD Solicits Feedback on HECM Application and Origination Documents
Improving FHA’s Condo Forms and Policies
NRMLA, in coordination with the HUD Issues Committee, sent a letter to the Department of Housing and Urban Development that recommended ways to improve FHA’s condominium approval forms … more Improving FHA’s Condo Forms and Policies
FHA Issues FAQ for Branch Registration Requirements
The Federal Housing Administration published Frequently Asked Questions in response to a final rule that updates branch office registration requirements. Details were announced in FHA Info #2024-2. Why … more FHA Issues FAQ for Branch Registration Requirements
FHA Removes Mandatory Branch Registration Requirement
The Federal Housing Administration published a final rule in the Federal Register [Docket No. FR-6321-F-02] that eliminates the current requirement for Mortgagees to register branch offices where they … more FHA Removes Mandatory Branch Registration Requirement
HECM Handbook Training Module
The Federal Housing Administration introduced an online training module to highlight policy updates in the HECM section of the Single-Family Handbook 4001.1. During the 27-minute presentation, HUD officials … more HECM Handbook Training Module
GNMA Annual Report Highlights HMBS Achievements
Ginnie Mae published its Fiscal Year 2023 Annual Report to highlight its programs and accomplishments from the past year, including steps taken to alleviate liquidity pressures that impacted … more GNMA Annual Report Highlights HMBS Achievements
HUD Updates HECM Servicing Policies
The Federal Housing Administration implemented numerous servicing policy changes that are designed to improve the HECM program’s financial stability and overall performance. Details were provided in Mortgagee Letter … more HUD Updates HECM Servicing Policies
HECM Loan Limit Increasing to $1,149,825 in 2024
The Federal Housing Administration has just announced that it will increase the maximum claim amount for Home Equity Conversion Mortgages in calendar year 2024 from $1,089,300 to $1,149,825 … more HECM Loan Limit Increasing to $1,149,825 in 2024
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