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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.
October 22 -
The Federal Housing Administration is mandating that lenders originating new reverse mortgages offer a second property appraisal in certain cases.
September 28 -
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.
July 10 -
Some continue to doubt there will be a premium cut, while others say there's no telling which way Brian Montgomery will go.
June 21 -
An unlikely partner aims to help credit unions change how a skeptical public looks at reverse mortgages.
May 30 -
Mutual of Omaha Bank's purchase of Synergy One Lending will add reverse mortgages to its product line.
May 10 -
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.
March 6 -
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.
December 12Potomac Partners -
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.
November 29 -
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.
November 22