The Department of Housing and Urban Development established a new repayment plan option for HECM borrowers who continue to suffer financially from the impacts of the COVID-19 pandemic … more HUD Establishes COVID-19 HECM Property Charge Repayment Plan
Industry News & Reference
Compu-Link Officially Takes Over as HUD’s Contract Subservicer
NRMLA was notified this morning by HUD’s Tulsa Servicing Center that Compu-Link has officially taken over as the Department’s contract subservicer for assigned HECM reverse mortgages. Mail is … more Compu-Link Officially Takes Over as HUD’s Contract Subservicer
Government Releases Annual Profile of Older Americans
The Administration for Community Living published its Annual Summary of Statistics On Older Adults that illustrates the shifting demographics of Americans age 65 and older. It includes statistics on … more Government Releases Annual Profile of Older Americans
Transamerica: Societal Headwinds Are Undermining Women’s Retirement Security
A new report from the Transamerica Center for Retirement Studies® (TCRS) finds that more than four in 10 working women (41 percent) expect to retire at age 70 … more Transamerica: Societal Headwinds Are Undermining Women’s Retirement Security
FHA Extends HECM Loss Mitigation Waivers
To continue assisting HECM borrowers financially impacted by the COVID-19 pandemic, the Federal Housing Administration extended two partial waivers connected to its HECM loss mitigation policies through December … more FHA Extends HECM Loss Mitigation Waivers
FHA Rescinds the Mandatory Use Date for FHA Catalyst’s Electronic Appraisal Delivery Module
The Federal Housing Administration rescinded the mandatory use date for mortgagees to submit appraisals for single family Title II forward and reverse mortgage endorsements through the FHA Catalyst: … more FHA Rescinds the Mandatory Use Date for FHA Catalyst’s Electronic Appraisal Delivery Module
Final Rule Allows HECM Borrowers to Purchase Private Flood Insurance
The Department of Housing and Urban Development published a final rule today that gives homeowners who are applying for a government-insured loan, including a Home Equity Conversion Mortgage, on … more Final Rule Allows HECM Borrowers to Purchase Private Flood Insurance
Study: Spouse In Nursing Home Increases Poverty Risk
The Squared Away Blog, published by the Center for Retirement Research at Boston College, profiled a recent study from the Michigan Center for Retirement and Disability Research Center … more Study: Spouse In Nursing Home Increases Poverty Risk
Health of HECM Program Improves in FY2022
Buoyed by strong home price appreciation, the financial health of the Home Equity Conversion Mortgage portfolio dramatically improved in fiscal year 2022, ending September 30 with stand-alone capital … more Health of HECM Program Improves in FY2022
Survey: Cost-of-Living Adjustment Not Enough for Many Retirees
A recent survey of 750 American retirees conducted by Motley Fool found that 55 percent don’t believe the 8.7 percent cost-of-living adjustment for 2023 announced by the … more Survey: Cost-of-Living Adjustment Not Enough for Many Retirees
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