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.
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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.
Texas Capital Bank appeals case against Ginnie Mae over reverse mortgage collateral
The suit between Texas Capital Bank and Ginnie Mae has been revived after the bank filed an appeal this week with the Fifth Circuit.
NRMLA co-chairs offer industry advocacy update
Reverse mortgage industry leaders offer a look at the advocacy work the trade association has engaged in so far in 2025.
Reverse mortgage industry descends on California for first NRMLA event of 2025
The reverse mortgage industry’s first event of 2025 is happening in Irvine, California, and NRMLA’s president offers a preview.
Lawyers at major firm sound off on reverse mortgage issues
Lawyers at a major firm break down some common litigation and themes they’ve seen in cases involving reverse mortgages.