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  1. David vs. Goliath in the World of Reverse Mortgages

    ... for the repeal of Federal Housing Administration (FHA) Mortgagee Letter 2008-38 (ML 08-38), which redefined the non-recourse feature of the home ...

    Phil Hall - 2014-09-17 13:04

  2. HECM Protects Non-Borrowing Spouses (Part V): Contain and Dismiss

    ... subsection-j problem, was containable so HUD moved to revoke Mortgagee Letter 2008-38 within a month of the lawsuit (see part 4). For the volatile ...

    Atare E. Agbamu - 2014-09-08 12:24

  3. HECM Protects Non-Borrowing Spouses (Part IV)

    ... a seemingly unrelated action. It revoked the infamous Mortgagee Letter 2008-38 (ML-08-38), a supposed “clarification” of HECM non-recourse ...

    Atare E. Agbamu - 2014-08-29 11:06

  4. FHA Revises Lender Approval Requirements

    Mortgagee Letter 2011-34 was issued in late September, but didn’t get a lot of ... Secure and Fair Enforcement (SAFE) Mortgage Licensing Act of 2008 or any applicable provision of state law. Use of DBA names FHA now ...

    Jeff Mifsud - 2011-12-28 17:09

  5. Beyond ML 2008-38: The 800-Pound Can of Worms

    ... Department of Housing & Urban Development (HUD) to revoke Mortgagee Letter 2008-38, it finally listened, under legal and political pressure. HUD ...

    Atare E. Agbamu - 2011-04-07 17:12

  6. AARP Files Suit Against HUD for Improperly Foreclosing on Surviving Spouses

    ... has sued HUD over reverse mortgage foreclosures enabled by Mortgagee Letter 2008-38. In a series of articles beginning in February 2009: “Grandma ... - 2011-03-10 15:55

  7. What Will be the Result of AARP/HUD Suit?

    ... in 2008, HUD added a caveat to this explanation in their Mortgagee Letter 2008-38 and stated that this is true on a bona fide sale to a third ...

    Cliff Auerswald - 2011-03-10 14:28

  8. Excessive defaults and the future of FHA

    ... revisions to seller-financed downpayment assistance, through Mortgagee Letters and the Rule Making Process, such as:6   Enacted via Mortgagee Letter, effective Jan. 1, 2010: ►Require submission of audited financial ...

    Jonathan Foxx - 2010-03-05 10:30

  9. Forward on Reverse: An assault on fairness ... quash Mortgagee Letter 2008-38 (Part II)

    In part one of "An Assault on Fairness: Quash Mortgagee Letter 2008-38," we looked at the assumptions behind ML-08-38 and concluded ...

    Atare E. Agbamu - 2009-08-19 09:30

  10. Sneak peek at National Mortgage Professional Magazine August 2009 issue

    ... Atare E. Agbamu, CRMS continues his shocking revelations on Mortgagee Letter 2008-38 and its impact on heirs in regards to reverse mortgages in this ...

    Andrew T Berman - 2009-08-07 20:41