Montgomery: FHA Remains Vital to Homeowners in Times of Crisis

Federal Housing Administration (FHA) Commissioner and Deputy Secretary of the U.S. Department of Housing and Urban Development (HUD) Brian D. Montgomery is in the midst of navigating the American housing sector through the economic shock of the COVID-19 coronavirus pandemic, emphasizing the necessity of the agency’s role in providing its services in times of stress. […]

JPMorgan Chase Stops Accepting HELOC Applications Due to Coronavirus Shock

In a move that has the potential to reinforce or accentuate the viability of reverse mortgages for some, JPMorgan Chase has temporarily halted acceptance of applications for home equity lines of credit (HELOCs) due to the ongoing economic effects of the COVID-19 coronavirus pandemic, specifically the combined impacts of rising rates of unemployment and initial […]