Longtime NRMLA board member and Executive Committee Chairman Joe DeMarkey of Reverse Mortgage Funding LLC attended a recent “Stakeholder HUDdle” with senior officials from the Department of Housing … more NRMLA Board Member Discusses HECM With Housing Secretary Carson
Regulations
MMI Fund Improving, but HECM Needs Further Attention
While changes made to the Home Equity Conversion Mortgage program in October 2017 are beginning to positively impact program performance, the Federal Housing Administration reported today in the … more MMI Fund Improving, but HECM Needs Further Attention
FHA Automates User ID Assignment Process for Mortgagees and Roster Appraisers
The Federal Housing Administration issued FHA Info #18-44 announcing that the FHA Connection system will automate its Application Coordinator User Identification (ID) assignment process beginning on November 9, … more FHA Automates User ID Assignment Process for Mortgagees and Roster Appraisers
HUD Announces Reverse Mortgage Loan Sales
The Department of Housing and Urban Development published a notice in the Federal Register announcing its intention to competitively offer multiple pools consisting of approximately 1,150 reverse mortgage … more HUD Announces Reverse Mortgage Loan Sales
BCFP “Call For Evidence” Initiative Generates 86,000 Public Comments
In a blog published this week, Kelly Cochran, assistant director for Regulations at the Bureau of Consumer Financial Protection (BCFP), said the Bureau is reviewing more than 86,000 public … more BCFP “Call For Evidence” Initiative Generates 86,000 Public Comments
HUD Announces Disaster Assistance for Florida Storm Victims
The U.S. Housing and Urban Development declared an automatic 90-day moratorium on foreclosures of Federal Housing Administration (FHA)-insured home mortgages in the State of Florida to support families forced from … more HUD Announces Disaster Assistance for Florida Storm Victims
HUD Awards $47 Million In Housing Counseling Grants
The U.S. Department of Housing and Urban Development this week awarded $47 million in housing counseling grants to non-profit counseling agencies across the country that will be used … more HUD Awards $47 Million In Housing Counseling Grants
Member Alert: Message from NRMLA Co-ChairsMembers Only
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New FHA Guidance Will Require Second Appraisal On Some HECMs
As part of its ongoing efforts to reduce risks to the Mutual Mortgage Insurance Fund (MMIF) and protect the health of the Home Equity Conversion Mortgage program, the … more New FHA Guidance Will Require Second Appraisal On Some HECMs
FHA Reminds Mortgagees on Treatment of Loans in Major Disaster Areas
As Hurricane Florence advanced on the Carolinas last week, the Federal Housing Administration issued a reminder to mortgagees about its guidance for originating and/or servicing FHA-insured forward and … more FHA Reminds Mortgagees on Treatment of Loans in Major Disaster Areas