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Tag Archives: HECM

HECM Volume Up 37.5% in 2020

Fitch Ratings

Home Equity Conversion Mortgage (HECM) endorsements were up 15.1% year-over-year in December to 4,097 loans, according to new data from Reverse Market Insight. For calendar year 2020, HECM volume recorded an annualized increase of 37.5% to 44,661 loans. Eight of ...

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Working to Prevent HECM Foreclosures

The New York legislature has passed a bill that will require lenders to notify the state’s Department of Financial Services (DFS) and mortgagors of impending foreclosure actions against homeowners with reverse mortgages.

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Seeking the Right Balance

The capital reserves in FHA’s Mutual Mortgage Insurance Fund have remained above the statutory minimum for the fourth consecutive year. Here are the opportunities and headwinds the FHA foresees for this portfolio.

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FHA Issues New Requirements

In a move intended to speed up payments on claims, the FHA has revised certain requirements for servicers. Click through to learn more about these changes and what type of mortgages they would impact.

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The Thin Red Line

Real estate professionals are reporting that borrowers of color with good income and good credit are still finding it challenging to get loans to purchase homes. Editor’s Note: This feature originally appeared in the September issue of DS News.

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