FinCEN Warns Lenders to Guard Against Home Equity Conversion Mortgage Fraud...
VIENNA, Va. – (LoanSafe.org) – The Financial Crimes Enforcement Network (FinCEN) today released new guidance, Advisory to Financial Institutions on Filing Suspicious Activity Reports Regarding Home...
View ArticleReverse Mortgages May be the Answer for Struggling Seniors
MARYLAND (LoanSafe.org) — Many older Americans find themselves house rich and cash poor. They own their home, or at least have significant equity in it, yet struggle to make ends … Read →
View ArticleWho qualifies for a home equity conversion mortgage?
A home equity conversion mortgage (HECM) is a type of reverse mortgage loan that is offered by the Federal Housing Administration (FHA). The HECM is a loan that offers elderly … Read →
View ArticleFHA Announces Modifications to Its Home Equity Conversion Mortgage
WASHINGTON, Aug. 27 – (LoanSafe.org) – The Federal Housing Administration (FHA) announced today that it intends to make modifications to its Home Equity Conversion Mortgage (HECM) product, a reverse...
View ArticleGive FHA More Resources and Authority to Strengthen Program
WASHINGTON, D.C. (Sept. 16, 2010) – (LoanSafe.org) – The Federal Housing Authority (FHA) commissioner should be granted the resources to better manage the agency through the current housing market...
View ArticleHUD Announces New Reverse Mortgage Option
WASHINGTON – (LoanSafe.org) – The Federal Housing Administration (FHA) today announced a new modified version of its Home Equity Conversion Mortgage (HECM) product. The HECM loan is a reverse mortgage...
View ArticleReverse Mortgages Can Come With Big Risks for Seniors
SAN FRANCISCO (LoanSafe.org) – As the market for reverse mortgages grows, concerns are mounting that an increasing number of seniors are being misled into signing up for a complicated financial … Read →
View ArticleWebinar Training on FHA’s Home Equity Conversion Mortgage
(Source: HUD) – This FREE Webinar training will provide an overview and the latest updates to FHA’s reverse mortgage product, the Home Equity Conversion Mortgage(HECM). The covered topics will include:...
View ArticleHUD Home Equity Conversion Mortgage Event in Colorado
This Free Webinar training will provide an overview & the latest updates to FHA’s HECM reverse mortgage product. The covered topics will include: HECM purchase transactions, refinances, &...
View ArticleHearings to be Held on Foreclosure Right-to-Cure Notices, and Reverse...
Patrick-Murray Administration’s Division of Banks to Hold Hearings in Brockton, Lawrence and Springfield on Foreclosure Right-to-Cure Notices, and Reverse Mortgage Regulations BOSTON (Source:...
View ArticleGreenPath Debt Solutions Offers Free Reverse Mortgage Counseling
FARMINGTON HILLS (Source: Greenpath) — As more stories tell of Americans delaying retirement due to lack of finances, GreenPath Debt Solutions, a HUD-approved housing counseling agency and a national...
View ArticleReverse Mortgage Opportunities From IMF Publications
(Source: Research and Markets) – Research and Markets (http://www.researchandmarkets.com/research/38d980/reverse_mortgage_o) has announced the addition of the “Reverse Mortgage Opportunities”...
View ArticleImportant Changes to Reverse Mortgage Products Coming Soon
(LoanSafe.org) - As of April 1, reverse mortgages will be among a variety of mortgage loans which are insured by FHA that will endure some changes. Reverse mortgages are well … Read →
View ArticleCongressman Heck Seeks to Make Changes to the Federal Reverse Mortgage Program
(Source: Congressman Denny Heck) – A bill sponsored by Congressman Denny Heck (D-WA) to enact commonsense reforms to fix the federal reverse mortgage program will be considered by the U.S. … Read →
View ArticleHouse Approves Reverse Mortgage Legislation to Help Stabilize the HECM Program
(LoanSafe.org) - On Wednesday, the U.S. House of Representatives approved the “Reverse Mortgage Stabilization Act of 2013″ in order to make needed changes to the program. The bill, H.R. 2167, … Read →
View ArticleFlorida Congresswoman Ros-Lehtinen Supports Reverse Mortgage Loan Protection...
(Source: Congresswoman Ileana Ros-Lehtinen) – Cong. Ileana Ros-Lehtinen (R-FL) is pleased that the House has passed the Reverse Mortgage Stabilization Act (H.R. 2167) which provides more protections...
View ArticleCongressman Fitzpatrick Aims to Help Seniors Keep Their Homes
(Source: Congressman Mike Fitzpatrick) – The Reverse Mortgage Stabilization Act of 2013 [HR 2167] – introduced by Congressman Mike Fitzpatrick (PA-8) and Congressman Denny Heck (WA-10) – passed the...
View ArticleNCOA: Reduced Reverse Mortgage Counseling Fees for Seniors
(Source: NCOA) – The National Council on Aging (NCOA) has announced special reduced counseling fees―$90, down from $125—for older homeowners considering a Home Equity Conversion Mortgage (HECM),...
View ArticleReverse Mortgage Bill Passes Senate Floor and Heads to President’s Desk
After the Senate passage of the Reverse Mortgage Stabilization Act, Congressman Mike Fitzpatrick released a statement expressing not only great joy for the bills step forward, but also conveyed the …...
View ArticleLegislation Seeks to Stabilize FHA’s Reverse Mortgage Program
Due to requests from the Department of Housing and Urban Development (HUD) officials to gain the authority to add consumer safeguards and make other changes to improve financial performance of … Read →
View ArticleHUD Releases New Guidance to Help Manage the HECM Program for Seniors
(Source: HUD) - WASHINGTON – The U.S. Department of Housing and Urban Development (HUD) is today publishing new guidance to manage risk associated with the Federal Housing Administration’s (FHA)...
View ArticleNRMLA to Highlight Changes for Reverse Mortgage Program in November
(Source: NRMLA) – The National Reverse Mortgage Lender’s Association has announced the preliminary agenda for its 2013 Annual Meeting & Expo, to be held November 4 – 6 in New … Read →
View ArticleReverse Mortgage Index Rises to Highest Level Since 08
(Source: NRMLA) – The NRMLA/RiskSpan Reverse Mortgage Market Index (RMMI) rose in Q2 2013 by 3.1 percent to 160.1, its highest level since Q4 2008. The $101 billion second quarter … Read →
View ArticleNRMLA Annual Meeting to Focus on HUD’s Changes to Reverse Mortgage Program
(Source: NRMLA) – The National Reverse Mortgage Lenders Association will usher in the New Reverse Mortgage at its Annual Meeting and Expo next Monday, November 4 through Wednesday, November 6, … Read →
View ArticleFHA and the NRMLA Strive to Make Important Changes to the HECM Program
(Source: NRMLA) - WASHINGTON D.C. – The success of the working relationship between the Department of Housing and Urban Development and the members of the National Reverse Mortgage Lenders Association...
View ArticleCan Homeowners with Equity Acquire an FHA Mortgage?
(LoanSafe.org) – It is very well established that the Federal Housing Administration (FHA) has a reverse mortgage program known as … Read →
View ArticleCan people with equity still get an FHA reverse mortgage?
(LoanSafe.org) – It is very well established that the Federal Housing Administration (FHA) has a reverse mortgage program known as … Read →
View ArticleSenior Homeowners Are Finding Themselves in Positive Equity Positions
(Source: NRMLA) – Americans 62 years old and older now have more equity in their homes than at any time … Read →
View ArticleNRMLA to Host Meeting in NY to Discuss Improvements to the HECM Loan
(Source: NRMLA) - WASHINGTON – The National Reverse Mortgage Lender’s Association has announced the agenda for its Northeast Regional Meeting, … Read →
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