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Tag Archives: HUD

FHA Revises Reverse Mortgage Program to Protect Non-Borrowing Spouses From Foreclosure

The revisions announced Friday allow for the deferral of due and payable status for reverse mortgages, hence protection from foreclosure, for certain eligible non-borrowing spouses upon the passing of the last surviving borrower for case numbers assigned prior to August 4, 2014. Last year, FHA's HECM policies were revised to include such protections for non-borrowing spouses on HECMs for case numbers assigned on or after August 4, 2014.

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HUD Secretary Castro Touts Success of Department’s Programs at Congressional Hearing

During his five-minute allotted period for questioning, Hensarling asked the Secretary for statistical evidence that HUD was achieving its original goal of eliminating poverty. Castro responded with the 33 percent drop in veteran homelessness and HUD's Jobs Plus Initiative, where he said individuals who go through program tend to earn 14 percent more than individuals who do not.

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HUD Names New Senior Advisor For Housing Finance

The U.S. Department of Housing and Urban Development (HUD) has named Richard K. Green, University of Southern California Lusk Center for Real Estate director, as a senior advisor for housing finance, according to an announcement from HUD.

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