The federally insured reverse mortgage market lost more ground in September, with endorsement volume falling to its lowest monthly level since the early months of the pandemic and secondary-market issuance also retreating.Home Equity Conversion Mortgage endorsements...
The U.S. Department of Housing and Urban Development is preparing to put roughly $1.3 billion of vacant reverse-mortgage loans into the market, creating one of the more consequential distressed residential note sales on the federal calendar this fall.HUD’s Office of...
The U.S. Department of Justice (DOJ) announced the former mortgage lender James B. Nutter & Company, has agreed to a $2.4 million settlement to resolve allegations that it knowingly underwrote Home Equity Conversion Mortgages (HECM) insured by the Federal Housing...
The Federal Housing Administration (FHA) is seeking industry feedback on a proposed update to its Home Equity Conversion Mortgage (HECM) assignment claims eligibility policy. Under current program requirements, mortgage servicers can assign a HECM to the U.S....
Redfin: U.S. Home-Sale Prices Declined in October for First Time in Three Y…
