Tagged: Home Equity Conversion Mortgage (HECM)
Guild Mortgage Expands Reverse Mortgage Division
Announces plan after acquiring Cherry Creek Mortgage, a top 10 HECM lender.
FHA Announces Pandemic Aid For Seniors With HECMs
The plan helps senior homeowners with FHA-insured HECMs who are behind on required property charge payments due to effects of the COVID-19 pandemic.
FHA Extends Waivers To Its HECM Loss-Mitigation Policies
Extension applies to senior borrowers affected by COVID-19.
Reverse Mortgage Funding 'Pauses' Originations
Lender tells partners it won't fund loans that haven't already closed.
The Reverse Mortgage Refi Boom Is Over
RMI report shows HECM loans in September at lowest point in 2.5 years.
Reverse Mortgage Industry Sees April Drop In Loans
Decline comes after previous month’s 10-year high