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.
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From tenant to trailblazer: Oralia Herrera takes helm at NAHREP
Oralia Herrera’s journey from an 8-year-old immigrant and tenant in a Chicago apartment to newly appointed president of the National Association of Hispanic Real Estate Professionals (NAHREP) is one she wouldn’t change a thing about. Sworn in on March 26 during NAHREP’s annual Homeownership and Housing Policy conference in Washington, D.C., Herrera now leads an […]
New FHA citizenship, residency requirements apply to reverse mortgages
Rules that restrict FHA-backed financing to U.S. citizens and permanent residents applies to reverse mortgages — with interesting details.
HUD rescinds appraisal review policies
Policies related to real estate appraisal appeals, or reconsiderations of value, have been rescinded by the Federal Housing Administration.
The state of the reverse mortgage business in early 2025
Reverse mortgage lenders are making moves in early 2025 while business is humming — though not booming — in the early months of the year.
How a government shutdown could impact reverse mortgages
If a government shutdown happens, here are the likely reverse mortgage business impacts based on recent history and HUD’s contingency plan.
Report suggests key HECM field office at HUD could be shut down
Among dozens of reported potential field office closures, one in Oklahoma has the potential to significantly impact the FHA-insured HECM program.
HMBS 2.0 rollout could be hobbled by reported Ginnie Mae staff cuts
A former official said that layoffs at Ginnie Mae could delay or table certain programs like HMBS 2.0, but a source familiar with HUD’s plans disputed any “drastic staffing cuts.”
Massive FHA cuts would create dysfunction for mortgage industry, homeowners: ex-official
A large-scale layoff at FHA could damage mortgage lenders and investors who rely on popular programs like Section 8 and Section 202, an ex official said.
These are the functions of the HUD offices targeted for mass firings
The White House and key leaders aimed at cost-cutting inside the federal government have reportedly trained their eyes on the U.S. Department of Housing and Urban Development (HUD), and that reporting suggests it is culminating in a series of cuts that could include as much as 50% of the department’s workforce of roughly 9,600 people. […]