While the HECM portion of FHA’s portfolio remains positive its capital ratio has slightly slipped thanks to the program’s extreme sensitivity to home price appreciation and interest rates…
Continue readingFHA’s proposed HECM policy changes: What you need to know
Here are the key proposed policy changes for the HECM that every reverse mortgage originator should understand and communicate with borrowers who may find themselves in these specific situations.
Continue readingAustralians are flocking to reverse mortgages
After two years of engagement and feedback from HECM lenders, servicers, consumer advocates, and other housing industry participants the Federal Housing Administration (FHA) released its updated handbook which consolidates HECM policies.
Continue readingFHA Commissioner says the agency is fully committed to the HECM program
FHA Commissioner Julia Gordon reaffirmed the agency’s commitment to the HECM program in her keynote address to the National Reverse Mortgage Lenders Association (NRMLA) Annual Meeting in Nashville, Tenn last week.
Continue readingFHA to cover payments when a lender is in default say ML
FHA’s latest HECM-related mortgagee letter explains what happens when a reverse mortgage lender defaults on their obligation to make timely payments to the borrower.
Continue readingUSA Today: Where are home prices headed?
The soon-to-be-released updated FHA handbook will incorporate several recent policy changes and HECM mortgagee letters.
Continue readingFHA issues draft guidance for accessory dwelling units
FHA issues draft guidance for accessory dwelling units…
Continue readingReverse Mortgages: Easy ‘Income’ For Affluent Retirees
Reverse mortgages can provide an essential risk management tool for millions of retirees, especially the affluent homeowner.
Continue reading7 Takeaways from FHA’s Annual Report to Congress
Without audience targeting are Google Ads Dead? Think again…
Early this month Google announced new restrictions for targeting specific audiences. The restrictions apply to content related to housing, employment, credit, and those who are disproportionately affected by societal biases. The news of these restrictions created quite a stir among industry brokers and lenders who heavily rely upon targeted Google ad campaigns. All which may have you asking if these changes will kill future reverse mortgage advertising on the world’s most popular search engine. In just a moment we’ll hear from our online SEO expert Josh Johnson to find out.
7 takeaways from FHA’s report to Congress
Each November our industry eagerly awaits the release of FHA’s Annual Report to Congress on the status of FHA’s Mutual Mortgage Insurance Fund, and more specifically, the HECM’s performance. Today we will look at seven key takeaways from that report.
First- Over half of all HECMs were originated in 10 states.
The Reverse Mortgage PARADOX
Despite being a government-sponsored and supervised loan reverse mortgages are rarely mentioned by housing agencies when discussing senior housing insecurity, foreclosure risks, and quality of life. It’s the reverse mortgage paradox.
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