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.
HUD
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Senate leaders sound off on Scott Turner’s HUD nomination
Tim Scott and Elizabeth Warren, who are likely to be influential in the Senate Banking Committee in 2025, weighed in on the HUD nominee.
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.
Trump names Scott Turner the new HUD secretary
The former pro football player, motivational speaker and prior White House Opportunity and Revitalization Council member was named Friday.
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.
Reverse mortgage educators look to correct the record on credit lines, equity modeling
Reverse mortgage educators Dan Hultquist and Jim McMinn take on more HECM program misconceptions among industry professionals.
Bill Pulte to be considered for HUD secretary, report claims
A New York Post report claims that philanthropist Bill Pulte is under consideration for the role of HUD secretary.