New View Advisors floats sweeping changes to HECM, HMBS programs
New View Advisors urges HUD to cut upfront MIP and simplify HECM products, citing rising private-label share and MMI Fund strength.
FHA
Auto Added by WPeMatico
NRMLA speaks out on the future of federal reverse mortgage programs
After federal housing leaders issued a request for information in October about the future of two key reverse mortgage programs, the National Reverse Mortgage Lenders Association (NRMLA) weighed in last week with a detailed list of suggestions.
MBA lays out proposed changes for federal reverse mortgage programs
MBA proposes seven reforms for the HECM and HMBS programs, including new securitization options and changes to mortgage insurance premiums.
Fannie and Freddie waive some loan requirements amid shutdown
Government agencies and enterprises issued guidance on Wednesday for mortgage operations and servicing during the current government shutdown.
FHA seeks input on buy now, pay later lending
The Federal Housing Administration (FHA) has opened a request for information on buy now, pay later (BNPL) lending as it seeks to understand its implications for housing affordability and stability.
FHA rescinds 12 policies as Trump administration pushes to cut red tape
Scott Turner, the secretary of the U.S. Department of Housing and Urban Development (HUD), which oversees the FHA, said in a statement that the rescissions are “bold, necessary and long overdue.”
White House expects reverse mortgages to continue producing government receipts
The White House expects continued performance from the HECM portion of the MMI Fund, according to a recent budget document.
HUD walks back prior default guidance as too ‘burdensome’ for mortgage servicers
A new mortgagee letter said that some of the Biden administration’s final servicing guidance was too “burdensome,” resulting in changes.
Arrive Home introduces new versions of its Earned Equity Program
The program is now available in two separate products designed for two different groups of borrowers: EEP Pathway and EEP DocLight
HUD publishes new reverse mortgage counseling guidance
The guidance is designed to clarify requirements for obtaining HECM counseling certification, and to provide a HECM “toolkit” for agencies.