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HUD Addresses Concerns About Reverse Mortgage Foreclosures

Reverse mortgages have become a popular—and sometimes controversial—way for Americans to make use of the accrued equity in their homes, especially for older homeowners. The latest controversy surrounds HUD foreclosures on homes participating in the home equity conversion mortgage (HECM) ...

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Fannie Offers Sixth Sale of Reperforming Loans

On Tuesday, Fannie Mae announced its sixth sale of reperforming loans. Reperforming loans are mortgages that had become delinquent, but which have recovered thanks to borrowers either catching up on their payments or working to secure loan modifications. This sixth ...

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Reverse Mortgage Securities Market Booming—for Now

Data

February 2018 was an excellent month for investors in reverse mortgage securities. According to New View Advisors, a financial services advisory firm located in New York, issuers of home-equity conversion mortgage-backed securities (HMBS) sold 129 pools in February, totaling $1.47 ...

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Home Valuations After Disaster Strikes

Now and then, Mother Nature reminds us of her power—but 2017 was outrageous. It was a record-breaking year for disasters. According to a recent New York Times report, the combined insured losses from Hurricanes Harvey, Irma, and Maria accounted for ...

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Collingwood’s Tim Rood: Moving Mortgage Forward

Tim Rood is the Co-Founder and Chairman of the Collingwood Group, a Washington, D.C.-based advocacy group for the housing and mortgage industries. Collingwood works to identify and secure business opportunities with the federal government and the GSEs; helps financial services ...

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A Universal Solution to a Universal Problem

Editor’s note: this feature originally appeared in the March issue of DS News, out now.  In the past decade, decreasing volumes on both the servicer and attorney side have forced companies to tighten their belts to remain profitable. One area ...

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