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FHA revises reverse mortgage rules for home purchases

Eligibility criteria revised for senior homebuyers using reverse mortgages

Housing-administration
Federal-housing-administration
Home-equity-conversion-mortgage
Federal-register-notice
Reverse-mortgage
Ecm-for-home-purchase

GAO highlights reverse mortgage counseling in new report

Older adults need more information about financial programs, with GAO citing the HECM counseling program as an age-targeted example.

United-states
Americans
Georgew-bush
Education-commission
Government-accountability-office
Consumer-financial-protection-bureau
Us-department-of-housing
Us-department-of-the-treasury
Urban-development
Home-equity-conversion-mortgage
Financial-literacy

HUD walks back some proposed changes to HECM for Purchase program

Certain changes announced for the H4P program last year will not be implemented after public comments raised concerns, HUD and FHA said.

United-states
Florida
Americans
Odette-williamson
Steve-irwin
Chris-bruser
Sarah-mancini
David-certner
Julia-gordon
Housing-administration
National-reverse-mortgage-lenders-association
National-consumer-law-center

Some baby boomers are finding homeownership to be less beneficial

The New York Times examined challenges for senior homeowners, as well as the role that reverse mortgages could play.

United-states
New-york
American
Linna-zhu
Jennifer-molinsky
New-york-times
Retirement-research
Boston-college-center
Harvard-university-joint-center
Housing-administration
Harvard-university
Joint-center

Ginnie Mae denies majority of complaint in Texas Capital Bank lawsuit

Ginnie Mae admits only to core facts of the case, denying all allegations, "inferences, arguments, and legal conclusions" in the complaint.

Texas
United-states
Matthew-kacsmaryk
Ginnie-mae
Joe-biden
Housing-administration
Texas-capital-bank
Us-district-court
Us-department-of-housing
Federal-housing-administration
Home-equity-conversion-mortgage
Urban-development

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