The Department of Housing and Urban Development on Tuesday suspended a Pennsylvania reverse mortgage lender’s ability to originate and underwrite government-backed loans amid charges of fraud. HUD’s Mortgagee Review Board claims that Seckel Capital, LLC, a Pennsylvania lender and financial advisory firm that has generated a small quantity of Home Equity Conversion Mortgages, submitted false […]

Back in March, RMD brought you the story of potential Home Equity Conversion Mortgage borrowers in Arizona who were foiled by the abrupt enforcement of a previously ignored Federal Housing Administration regulation. Just last week, the FHA partially lifted the restriction by exempting condos, according to a local newspaper report — but players on the […]

We’ve made it to the end of an abbreviated week, so if you’ve been out of the office this whole time, take a quick second to see what you’ve missed in the world of reverse mortgages in the days following the July 4 holiday. Confusion Reigns in Appraisals for Reverse, Forward HUD Loans — Faced with […]

The Department of Housing and Urban Development on Thursday awarded $50.6 million in counseling grants to agencies across the country, following through on one of Ben Carson’s key initiatives so far in his tenure as secretary. The vast majority of the grant cash — about $47 million — will go directly to hundreds of national, […]

Welcome to the first “official” weekend of summer, and with the long July 4 holiday coming up on the horizon and a potential watershed moment for our nation’s health care system fast approaching, here’s a quick look at the reverse mortgage headlines you may have missed from the week that was. NRMLA Asks HUD to […]

Responding to President Trump’s call for a complete overhaul of the nation’s financial regulatory structure, the National Reverse Mortgage Lenders Association last week submitted a host of requests to the Department of Housing and Urban Development, asking the agency to update non-borrowing spouse rules and other parts of the reverse mortgage program. Specifically, NRMLA asked […]

With temperatures firmly in the “too hot to wear office clothes” range, summer’s already in full swing, and you could be forgiven for missing some of the top reverse mortgage stories of the past week. That’s where our weekly roundup of RMD headlines comes in handy: This time, catch up on a national magazine’s positive […]