Senate Majority Leader Chuck Schumer (D-N.Y.) is preparing to speed HUD Secretary nominee Marcia Fudge to confirmation in the Senate.
LIBOR’s primary regulator has laid out the index’s definitive endgame, a move lauded by the reverse mortgage trade association but which still awaits action from FHA for the industry.
Former FHA Commissioner Dana Wade, who left office on January 20, has become Chief Production Officer for FHA-backed originations at Walker & Dunlop.
After HUD’s publication of a notice in the Federal Register regarding a Model HECM Adjustable Rate Note revision, the reverse mortgage trade association has offered perspective on how best to make a major industry transition.
In part 2 of our exclusive interview, Former Deputy HUD Secretary Brian Montgomery shares insight into HUD’s COVID-19 response, and whether reverse mortgages came up in conversation with President Donald Trump.
The FHA extended mortgage relief programs including measures which apply to borrowers of reverse mortgages, including the ability to complete exterior-only appraisals and the use of streamlined borrower employment verification measures.
The U.S. Department of Housing and Urban Development (HUD) on Tuesday released a Mortgagee Letter (ML) with a number of housing provisions across all of the Federal Housing Administration (FHA)’s single family housing programs, including the Home Equity Conversion Mortgage (HECM) program. These include an additional extension of the foreclosure and eviction moratoria first announced […]
The previous four years brought with them an abundance of change for the reverse mortgage industry. From program changes implemented in late 2017, to changes in rules governing originations on condominiums through the response to the COVID-19 coronavirus pandemic, the U.S. Department of Housing and Urban Development (HUD) had a key role in shaping the […]
The U.S. Department of Housing and Urban Development (HUD) announced on Thursday that it will administer and enforce the Fair Housing Act to prohibit discrimination on the basis of sexual orientation and gender identity, in guidance which applies uniformly to all FHA programs. This is a notable change in posture on the part of HUD […]
The U.S. Senate Committee on Banking, Housing and Urban Affairs has advanced the nomination of Rep. Marcia L. Fudge (D-Ohio) — President Joe Biden’s nominee to become the next Secretary of the U.S. Department of Housing and Urban Development (HUD) — to the full Senate for confirmation. This is according to reporting at Cleveland.com and […]