Reverse mortgages

FHA eases document requirements for reverse mortgage insurance claims

10/22/18

The Federal Housing Administration is making it easier for reverse mortgage servicers to submit insurance claims by expanding the types of supporting documentation it will accept on defaulted loans.

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FHA will require second appraisal for some reverse mortgages

09/28/18

The Federal Housing Administration is mandating that lenders originating new reverse mortgages offer a second property appraisal in certain cases.

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Reverse mortgage program shouldn't be fixed on backs of seniors: FHA chief

07/10/18

Brian Montgomery is examining why the reverse mortgage program has suffered big losses, but he said he opposes any changes that could make it harder for the elderly to stay in their homes.

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New commissioner, same uncertainty about FHA premiums

06/21/18

Some continue to doubt there will be a premium cut, while others say there's no telling which way Brian Montgomery will go.

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Mutual of Omaha to buy national mortgage lender

05/10/18

Mutual of Omaha Bank's purchase of Synergy One Lending will add reverse mortgages to its product line.

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FHA lenders warming up to reverse mortgages for new home purchases

03/06/18

Recent developments in the Federal Housing Administration's Home Equity Conversion Mortgage program are making it easier for lenders to originate reverse mortgages to borrowers who want to buy a new-construction home.

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FHA borrowers pay steep price to keep reverse mortgage program afloat

12/12/17

The fundamental conclusion of the Federal Housing Administration’s fiscal year 2017 actuarial review is that the financial problems of the FHA Home Equity Conversion Mortgage program keep getting worse.

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FHA premium cut still may not happen after Montgomery is confirmed

11/29/17

Brian Montgomery seems on his way to being confirmed to lead the Federal Housing Administration. But once he gets there, he may find it difficult to be as innovative as he was during his first stint as commissioner — particularly when it comes to reducing FHA premiums.

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Calls intensify to separate reverse mortgages from FHA fund

11/22/17

The Federal Housing Administration's recent actuarial report has added more fuel to the fire over concerns about reverse mortgages, including their effect on the overall FHA insurance fund and a rise in foreclosures.

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As FHA reserves dwindle, so do odds of premium cut

11/15/17

The Federal Housing Administration was battered by losses this year from reverse mortgages, casting doubt on whether the agency will adopt an Obama-era proposal to reduce mortgage insurance premiums.

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