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GAO highlights reverse mortgage counseling in new report

Housing Wire

Department of Housing and Urban Development (HUD)’s Home Equity Conversion Mortgage (HECM) counseling program was cited as an example. This program provides counseling to all applicants of the federally insured reverse mortgage program, the Home Equity Conversion Mortgage program,” the report stated. “The

Mortgage 330
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Opinion: Why it’s time to cut mortgage fees

Housing Wire

CHLA has outlined how programs expressly designed to give younger Americans help in purchasing homes have been priced too high for actual risk. We have urged Washington policymakers to price housing insurance programs appropriately to actual risk, and not use these programs as budget devices to fund other federal budget priorities.

Mortgage 274
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ROV (Reconsideration of Value) Changes – FHA and GSEs

Appraisal Today

These policies were the result of a collaborative effort between the GSEs, the Department of Housing and Urban Development (HUD) and the Federal Housing Finance Agency (FHFA). To read the Fannie document, Click Here My comments: What will happen to owners and buyers who cannot get insurance or whose costs will go way up?

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Review of MMI Fund’s reverse mortgage book sheds light on evolving HECM

Housing Wire

Department of Housing and Urban Development (HUD) set the HECM limit at $625,500, an increase from $417,000. Changes in financial markets, retirement needs, and long-term care needs will affect borrowers’ participation in the HECM program, how they use HECM loans, and the innovation in product design. In 2009, the U.S.

Mortgage 365
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Trade groups have differing stances on government’s affordable housing plan

Housing Wire

Department of Housing and Urban Development (HUD) and the White House announced plans to extend the Federal Financing Bank (FFB) risk-sharing program, two prominent housing associations shared their differing perspectives on the move. In a series of policy announcements designed to address housing supply and affordability, HUD, the U.S.

Insurance 316
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WFG reports its highest volume months ever during Q2 and Q3 of 2020

Housing Wire

Behind him, the recent financial crisis still cast a cautionary shadow over new business development, but ahead he saw opportunities for a client-centric, tech-focused family of companies in the title insurance and real estate settlement services industry. Now, at WFG’s 10-year anniversary, this vision holds even more relevance.

Insurance 370
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The Proposed NYC "Pied-A-Terre Tax" Looks Catastrophic to NYC Real Estate

Miller Samuel

The New York state political zeitgeist was recently and suddenly tilted against luxury development in New York City. If this latest turn of events plays out as written, we'll be able to look back at this era as a milestone where the supertanker began to turn in the wrong direction for the new development multi-family industry.