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. 

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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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