Tag Archives: Reverse Mortgage

The Federal Housing Agency and the Consumer Financial Protection Bureau have been called on to fix servicing problems and create additional protection for the 480,000 outstanding reverse mortgages in the country.

Attorney Adam Diaz examines a Florida Supreme Court case examining the differences between a reverse mortgage and a traditional mortgage when the foreclosure process is initiated.

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

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.

Borrowers in the D.C. area who have fallen into delinquency have received good news in the form of amendments to the Reverse Mortgage Insurance and Tax Payment Program Temporary Amendment Act of 2020.

The reverse mortgage process can be complicated. Here's how reverse mortgages may be a positive tool for borrowers facing default, and how it could lead to foreclosure. Editor’s note: This feature originally appeared in the January issue of DS News, out now.

Here's how to become a bidder in HUD's latest residential reverse mortgage sale, consisting of approximately 1,500 reverse mortgage notes secured by properties with a loan balance of approximately $330 million.

A recent report reveals that seniors aged 62 and older have seen their housing wealth hit record highs. Find out what is driving the increase.

Detroit homeowners are being hit with record-high rates of reverse mortgage foreclosures. Here's why.