Tag Archives: Reverse Mortgages

NewView Advisors, LLC, a financial services firm based in New York, has released a new look at the state of HECM mortgage-backed securities for 2017. HECM is the Federal Housing Administration’s (FHA) Home Equity Conversion Mortgage reverse mortgage program, which ...

New York lawmakers propose updates to reverse-mortgage foreclosure protections.

San Diego-based ReverseVision, a provider of software and technology for the reverse mortgage industry, has announced that industry educator Dan Hultquist has been hired as director of learning and development.

Reverse mortgages have the potential to become more popular as more households with insufficient income reach retirement.

FHA was praised last year for making changes to its HECM program that helped non-borrowing spouses avoid foreclosure. What further changes did the FHA propose to help seniors sustain their HECM loans?

Why has an advocacy group asked HUD to impose a moratorium on reverse mortgage foreclosures?

The Federal Housing Administration has once again extended the deadline to give servicers more time to pursue loss mitigation options.

HUD has announced that it is extending the deadline for reverse mortgage lenders to submit payable requests for home equity conversion mortgages (HECMs) that defaulted on or after April 23, 2015, due to unpaid property charges.

San Francisco-based non-profit California Reinvestment Coalition (CRC) filed a lawsuit in federal court against HUD, claiming that the Department improperly denied a fee waiver for a Freedom of Information Act (FOIA) request, according to an announcement from CRC.

"Despite the continuing rise in overall subprime originations, banks are still greatly limiting their high-risk exposure," Cutts said. "The credit score of the borrower at the 10th percentile of newly originated first mortgages today is 650. For HELOCs, it's 700."