Monthly Archives: June 2014

Reverse Mortgage News

Reverse Mortgages Pros HUD Outlines New Reverse Mortgage Non-Borrowing Spouse Guidance In the latest response by the Department of Housing and Urban Development to an ongoing series of lawsuits filed on behalf of non-borrowing spouses of reverse mortgage borrowers, the

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Reverse Mortgage News

Reverse Mortgages Pros HUD Halts Insurance of Fixed-Rate Future Draw Reverse Mortgages Echoing a similar precedent set by Ginnie Mae, the Department of Housing and Urban Development (HUD) said Wednesday via mortgagee letter that it will not insure Home Equity

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Reverse Mortgage News

Reverse Mortgages Pros BNY Mellon Launches New Reverse Mortgage Business After a longstanding period of very few new reverse mortgage entrants, BNY Mellon says it is getting back into the business. The investment management and services bank announced this week

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Reverse Mortgage News

Reverse Mortgages Pros Fitch Affirms Six Reverse Mortgage Pools, Downgrades One Fitch Ratings affirmed six classes of home equity conversion mortgages (HECMs) and downgraded one from stable to negative, in a recent report. Three of the affirmed HECMS are from

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