Tag Archives: HECM

Mortgage servicer unloads its Champion Mortgage portfolio to Mortgage Assets Management in order to focus on its core origination and servicing segments.

The Reverse Mortgage Market Index rose to a new peak in Q3 2020. Click through to learn what this means for the industry.

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 ...

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.

Are reverse mortgages still a viable equity alternative to selling and moving? A report finds out and explains more.

The CFPB found shortcomings in loss mitigation due diligence, HECM resolutions, and charging excessive late fees but also identified servicers’ resolutions of these issues.

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.

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.

On Friday, the FHA released an update to its Reverse Mortgage appraisal policy. Hear from FHA Commissioner Montgomery had to say about the changes.

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.