The Senate has confirmed the new Deputy Secretary of the U.S. Department of Housing and Urban Development (HUD), with representatives from the NHC and NRMLA offering congratulations.
Category: FHA
The U.S. Department of Housing and Urban Development (HUD) has given perspective on the Home Equity Conversion Mortgage (HECM) program to RMD, though some key questions about the program itself and adjacent issues remain unanswered.
Former Deputy HUD Secretary Brian Montgomery offers a few perspectives on the reverse mortgage program after the new administration released its 2022 budget proposal.
The budget proposal submitted to Congress by the White House under the administration of President Joe Biden indicates strong performance for the Home Equity Conversion Mortgage (HECM) program inside the Federal Housing Administration (FHA)’s Mutual Mortgage Insurance (MMI) Fund.
The president followed in the footsteps of his predecessors to proclaim June “National Homeownership Month,” using his proclamation to spotlight housing efforts of his administration including in a way that affects reverse mortgage borrowers.
In HUD-specific components of the new White House budget proposal, a clearer picture of the Biden administration’s perspectives and priorities for the Home Equity Conversion Mortgage (HECM) program and the Mutual Mortgage Insurance (MMI) Fund begins to emerge.
A housing policy expert describes some of the essential ways the reverse mortgage industry may be able to act in order to get good HECM program policy from the government, including an aim to “reframe” the way they perceive the reverse mortgage as a tool for seniors.
The Federal Housing Administration (FHA) has announced some updates to its FHA Catalyst case binder submission portal, aimed at increasing the speed and accuracy of submissions.
The U.S. Office of Special Counsel has determined that HUD Secretary Marcia Fudge violated an ethics rule known as the Hatch Act when appearing at a White House press briefing in March.
After new reverse mortgage non-borrowing spouse protections were handed down by the Federal Housing Administration (FHA), members of the reverse mortgage industry including servicers welcome the attention to what is seen as a critically important series of issues, based on outreach conducted by RMD.
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