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
Reference Section
Why Social Security Isn’t Going Broke
Americans’ fear that Social Security is going broke is misplaced, even though it’s often fanned by headlines about the possibility that the program’s trust fund will be exhausted … more Why Social Security Isn’t Going Broke
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
HMBS June 2018 Part II: Supply Grows Slowly, Despite Large Seasoned Issuance
HMBS supply rose in June by a scant $128 million, despite a large issuance of highly seasoned new pools. We noted in previous blogs that reverse mortgage lenders … more HMBS June 2018 Part II: Supply Grows Slowly, Despite Large Seasoned Issuance
HREMIC Issuance 2018Q2: Remarkable Resilience
HREMIC issuance for the first half of 2018 was $4.91 billion, on pace to nearly match 2016’s record $9.9 billion of securities issued. However, this volume trend is … more HREMIC Issuance 2018Q2: Remarkable Resilience
Form HUD-9902 Counseling Data Due July 31
In a listserv announcement sent on July 3, the Department of Housing and Urban Development reminded housing counseling agencies (HCAs) to submit their third quarter Form HUD-9902 performance … more Form HUD-9902 Counseling Data Due July 31
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
NRMLA Comments on BCFP Guidance and Implementation Support
Financial institutions should not be considered out of compliance if they choose not to follow informal (non-rule) guidance published by the Bureau of Consumer Financial Protection, according to … more NRMLA Comments on BCFP Guidance and Implementation Support