Comments were submitted to the Department of Housing and Urban Development last week recommending updates to existing HECM loan documents that take into account recent regulatory changes, such as … more NRMLA Proposes HECM Loan Document Revisions
The Federal Housing Administration this week consolidated existing policies used by servicers when submitting HECM assignment requests through the Home Equity Reverse Mortgage Information Technology (HERMIT) system. Reverse … more HUD Consolidates, Clarifies Assignment Policies
The HOPE NOW Alliance and ClearPoint Credit Counseling Solutions are collaborating on a one-year pilot program that assists homeowners in California who have reverse mortgage issues, concerns and … more New Collaboration Focuses on CA Borrowers
The Federal Housing Administration is implementing a Loan Review System that provides an electronic platform for FHA loan-level file reviews and other quality control functions for Title II … more New Mortgagee Letter: FHA Creating Loan Review System
In response to a 60-Day Notice of Proposed Information Collection published on November 22 by the Department of Housing and Urban Development, a working group formed by the … more Reassessing HECM Loan Documents
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