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Posts Tagged 'insurance'

MMI Fund Under Stress forces HUD to Make Changes

November 19, 2012 no comments

OFFICIAL: FHA Announces Fixed Rate Standard Reverse Mortgage Elimination Date.. Nothing Stays the Same but Change. It's more than just a song.. especially in the world of reverse mortgages. Just when the rates are at the lowest in the history of the program for some of the products, the costs to borrowers are at their lowest for some programs and...
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Tax & Insurance Defaults Will Change Reverse Mortgages

October 19, 2012 12 comments

We just returned from the National Reverse Mortgage Lenders Association (NRMLA) annual meeting at which we were able to listen to several speakers from HUD who spoke about the reverse mortgage and some of the challenges they are having with the program. Seems that they are very concerned with the high number of tax and insurance defaults from many borrowers. The...
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