The Federal Housing Administration (FHA) announced on Tuesday that certain forms of COVID-19 reverse mortgage relief will continue, and sent a bulletin to Mortgagees detailing a planned maintenance outage for FHA Connection (FHAC).
HUD and FHA announced both new relief measures and reverse mortgage relief extensions in a Mortgagee Letter published on June 25, focusing on homeowners still reckoning with the impact from, and hardship caused by the COVID-19 coronavirus pandemic.
The White House has announced a series of new administration appointments, including the long-awaited nominee for a new FHA Commissioner and an interesting appointment of the Acting CFPB Director for a position at HUD.
The White House announced a series of initiatives aimed at keeping vulnerable populations in their homes, including an extension of a mortgage foreclosure moratorium while HUD announced a delay in implementing mortgage servicing revisions.
Secretary of the U.S. Department of Housing and Urban Development (HUD) Marcia Fudge gave a wide-ranging interview with Axios on HBO, describing what she believes the major priorities of HUD will be in 2021.
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.
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.