HUD’s RFI on reverse mortgage programs highlights an industry focus on mortgage insurance costs and liquidity constraints.

Recently, the Department of Housing and Urban Development (HUD) solicited feedback on how to enhance the HECM program.

In response to rapid growth in the number of seniors applying for reverse mortgages, the U.S. Department of Housing and Urban Development has issued a notice expanding the network of counselors ...

A HECM, or otherwise known as a reverse mortgage, is the most regulated mortgage loan one can obtain and here is why. HUD, or the U.S. Department of Housing and Urban Development, is a federal agency ...

On October 2, HUD published a request for information (RFI) in the Federal Register seeking public comment on the current state of the Home Equity Conversion Mortgage (HECM) and HECM mortgage-backed ...

The U.S. Department of Housing and Urban Development (HUD) has a series of legislative priorities in 2022, and one of them appears to be substantive reform to the way that the Home Equity Conversion ...

Reverse mortgage lenders are stretched thin to the point of having to turn borrowers away amid a surge in demand from seniors rushing to get loans before Department of Housing and Urban Development ...

Q. We are senior citizens who own a condominium with no mortgage. We want to stay in our condominium, however, our savings are dwindling, and our fixed income is not keeping up with our expenses. One ...

Reverse mortgages are a popular way for seniors to access needed funds. In a reverse mortgage, you are, in essence, incrementally selling your home back to a lender with the proceeds set up as a line ...

Three elderly widows and a widower have filed a lawsuit against the U.S. Department of Housing and Urban Development, alleging that it has failed to protect them from the unscrupulous reverse mortgage ...

As with a conventional mortgage, there are costs associated with a reverse mortgage. While they are generally perceived as being high, once you get a bit more pespective you’ll see that the cost of a ...