Monthly Archives: September 2013

Reverse Mortgage News

Reverse Mortgages Pros FHA Asks Treasury for $1.7 Billion Bailout The Federal Housing Administration has officially requested a $1.7 billion taxpayer-funded bailout from the U.S. Treasury—the first in its nearly 80-year history. While the agency says its current books are

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Reverse Mortgage News

Reverse Mortgages Pros Mass. Approves New FHA Reverse Mortgage Product Following the announcement of substantial changes to the Federal Housing Administration’s Home Equity Conversion Mortgage program on September 3, the Massachusetts state Department of Banks affirmed the rules will apply

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Reverse Mortgage News

Reverse Mortgages Pros Reverse Mortgage Industry Faces New Challenge Upcoming changes to federally-guaranteed home equity conversion mortgage program will change not just the product itself, but the type of borrower using it, said panelists during a Wednesday webinar on the

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Reverse Mortgage News

Reverse Mortgages Pros FHA Changes Will Force Reverse Mortgage Industry to Adapt The biggest challenge the reverse mortgage industry faces is finding the opportunity in changes the Department of Housing and Urban Development (HUD) is making to its reverse mortgage

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Reverse Mortgage News

Reverse Mortgages Pros AARP: Reverse Mortgage Changes Will Bar Access, But Improve Program Changes announced this week by the Department of Housing and Urban Development to its reverse mortgage program will likely cut out many borrowers, but the changes are

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Reverse Mortgage News

Reverse Mortgages Pros Friday Round Up: HUD Unveils Reverse Mortgage Program Overhaul In case you missed it… here’s what happened in reverse mortgage news this week. HUD unveils major changes to its reverse mortgage program in mortgagee letters. The Department

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Reverse Mortgage News

Reverse Mortgages Pros HUD Announces Major Changes to Reverse Mortgage Program The Department of Housing and Urban Development today announced much-anticipated changes to its home Equity Conversion Mortgage program that will help manage risk to the Federal Housing Administration’s insurance

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Reverse Mortgage News

Reverse Mortgages Pros Freddie Mac: Mortgage Rates Seesaw on Economic Uncertainty Speculation over the Federal Reserve’s bond purchase program is causing mortgage rates to fluctuate week-to-week, dipping lower in Freddie Mac’s latest Primary Mortgage Market Survey compared to the prior

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