Major Changes to HECM Applications?

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EPISODE #821

Major Changes to HECM Applications: Feedback sought in Federal Register

[HUD/FHA]

HUD is seeking public feedback for planned changes to the loan origination documents for FHA-backed Home Equity Conversion Mortgages. [Listen for details] [Federal Register Post


Other Stories: 

    • [California Mortgage Relief] Time is running out for California reverse borrowers needing assistance with property charges.

      [HUD] HUD announces the sales of notes for vacant HECM properties where all borrowers have passed away. 

    •  

reverse mortgage podcast   reverse mortgage podcast HSomRSan Clev

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U.S. Senator calls for more oversight of HECM securitization

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EPISODE #820

Senator Mike Braun calls for increased oversight of the HECM MBS program

[Housing Wire]

U.S. Senator Mike Braun wrote a letter to Ginnie Mae’s president asking for policy solutions to prevent a collapse of the secondary market HMBS program.  [Listen for details] 


Other Stories: 

    • [Reverse Market Insight] Our monthly segment of RMI’s Market Minute.

      [Journal Courier]  Is downsizing worth it for retirees?

    •  

reverse mortgage podcast   reverse mortgage podcast HSomRSan Clev

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Can’t afford healthcare? A reverse mortgage and these options may help

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EPISODE #819

Can you afford health care in retirement? If not here are some options

[Cleveland.com]

Unable to afford healthcare in retirement? Here are some options retirees should consider in addition to a reverse mortgage.  [Listen for details] 


Other Stories: 

    • [Redfin] Home listings surge in biggest increase in 3 years: Asking prices drop.

      [CNBC]  No Rate Cut: The Fed holds rates steady after hot inflation report.

    •  

reverse mortgage podcast   reverse mortgage podcast HSomRSan Clev

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Parent Company of former HECM lender converts to Chapter 7

Kiplingers: Six questions to ask before getting a reverse mortgage

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EPISODE #817

Six questions to ask before getting a reverse mortgage

[Kiplingers]

Six financial professionals from Kiplinger Advisor Collective submit questions homeowners should consider before getting a reverse mortgage. Spoiler alert- they’re actually fair-minded..  


Other Stories: 

    • [Atlantic Black Star Journal] Yet another potentially misleading reverse mortgage foreclosure story.

      [National Mortgage News]  Nation’s largest mortgage lender shutters mortgage origination platform.

    •  

reverse mortgage podcast   reverse mortgage podcast HSomR

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This Bay Area County modified ADU rules to ease senior housing crunch

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EPISODE #816

Bay Area lawmakers modify ADU rules to ease senior housing crunch

[Housing Wire]

One Bay Area county approved reduced fees for accessory dwelling units (ADUs) to help ease the housing crunch for those in transition, especially seniors.  


Other Stories:

    • [Richmond Biz Sense] A judge determines former Live Well CEO’s criminal restitution.

      [Housing Wire]  Traditional mortgage demand drops to a record low.

    •  

reverse mortgage podcast   reverse mortgage podcast HSomR

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How One Reverse Pro Prompted a Scammer’s Arrest

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EPISODE #815

How one reverse pro helped catch a fraudster

[Housing Wire]

A suspected fraudster who may have defrauded multiple elderly victims was arrested thanks in part to an alert reverse mortgage professional. 


Other Stories:

    • [Reverse Market Insight] RMI’s Jon McCue returns to explain the latest reverse mortgage trends in our monthly installment of the Market Minute.

      [Housing Wire] Fairway Independent Mortgage’s reverse mortgage division is making big changes in its strategy and key staffing.

    •  

reverse mortgage podcast   reverse mortgage podcast HSom

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