Mortgage groups push FHA for loss mitigation extension
In November, the FHA proposed updates to its permanent loss-mitigation options based on lessons from the COVID-19 temporary policies.
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Reverse mortgage book inside MMI Fund continues to evolve
The FHA said the estimated economic net worth of the HECM MMI stood at $17.4 million this year, up from $15.4 million last year.
NRMLA’s Steve Irwin on FHA report, HECM changes and more
NRMLA’s president discusses the association’s outlook for the industry and the condition of the FHA’s Mutual Mortgage Insurance Fund.
HECM line of credit option continues to dominate with 93% share
The HECM line of credit is the most-used payment option for most of the past decade, a trend that continued in FY 2024.
Reverse mortgage pros sound off on 2025 HECM limit
Reverse mortgage professionals at multiple companies shared their thoughts on what the higher HECM limit for 2025 will mean for business.
Reverse mortgage analysts weigh in on HECM limit for 2025
RMI and New View Advisors offered perspectives on the increase in the HECM limit for 2025, which is rising to more than $1.2 million.
FHA loan limit increases to $524,225 in 2025
The FHA limits increased for 2025, but at a slightly lower level than observed one year ago owing to the pace of home price appreciation.
MMI Fund capital reserve is now 5X larger than required
The MMI Fund continued to operate well above its statutory minimum of 2%, though trade associations want more affordability action.