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.
Read More »Good News, Bad News – Replacing LIBOR
LIBOR, the index for setting loan rates for reverse and ARM mortgages, is to be replaced by 2021… so what comes next?
Read More »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.
Read More »The Housing Choices of Older Americans
As senior-held mortgage debt increases, how are the choices made by older American homeowners likely to impact their home equity and their ability to pay off their mortgage before they retire?
Read More »Fannie Mae Updates Reverse Mortgage Policies
With a goal of improving efficiency and easing the burden on servicers, Fannie Mae released an update to its Reverse Mortgage Loan Servicing Manual. See how the update can make servicing a little easier.
Read More »United Fidelity Funding Recruits National Wholesale Account Executive
As the National Wholesale Account Executive, Dunn will be working with a team of mortgage professionals to increase UFFWest's presence in the market.
Read More »New Bill Addresses Reverse Mortgage Foreclosures
The Philadelphia City Council recently introduced a bill to help prevent reverse mortgage foreclosures when a homeowner is in a payment agreement for real estate taxes on their homes. As a requirement for a reverse mortgage, borrowers must remain current ...
Read More »Risky Business
The FHA’s Mutual Mortgage Insurance Fund currently covers both forward and reverse mortgages. But is that really the best way to asses risk for the programs?
Read More »Tapping Into Home Equity
A new report breaks down home equity by race and age, finding that Black homeowners 65 years and older are more likely to take out reverse mortgages than any other demo.
Read More »DataQuick Enhances Standard Recorder Layout with Expanded Data
DataQuick, a real estate information solutions firm headquartered in San Diego, announced it has expanded its Standard Recorder layout to provide a more comprehensive view of properties and transactions. The expanded layout allows for the creation of a custom bundle devoted to key loan transaction intelligence, including data on 12 million loan modifications, loan terms on four million mortgages, interest rates on 600,000 loans, and details on 525,000 reverse mortgages.
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