In case you missed it…here’s what happened in reverse mortgage news this week.
Are reverse mortgages getting tougher? A recent article from CNBC writes that product changes from the Federal Housing Administration (FHA) might be making it tougher for seniors to access their home equity.
Projected FHA bailout stirs emotions. The possibility of the FHA’s first-ever bailout of $943 million leaves some outraged and others saying it could be worse.
President of Liberty Home Equity Solutions speaks to RMD. Following its acquisition by Ocwen Financial Corp., Liberty’s President shared with RMD its growth strategies moving forward.
Lenders prepare marketing efforts for product change. In wake of FHA’s suspension of the fixed-rate Standard, lenders say training will be essential in bolstering their marketing efforts.
Reverse industry strives for quick HUD authority. The Department of Housing and Urban Development (HUD), along with members of the reverse mortgage industry, continue to press Congress for authority to make program changes.
Written by Jason Oliva