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Ginnie Mae to explore new reverse mortgage-backed security product
HousingWire via Yahoo Finance· 5 months agoGinnie Mae intends to develop a new reverse mortgage-backed security product enabling the...
Celink files objection seeking dismissal of fees lawsuit
HousingWire via Yahoo Finance· 6 months agoReverse mortgage servicing company Celink is seeking the dismissal of a lawsuit alleging that it had...
FAR parent updates investors on AAG integration, business performance
HousingWire via Yahoo Finance· 2 months agoFinance of America Companies (FOA), parent company of industry-leading reverse mortgage lender...
The reverse mortgage lenders with the most consumer complaints in 2023
HousingWire via Yahoo Finance· 5 months agoThere were a total of 361 consumer complaints submitted to the Consumer Financial Protection Bureau...
CBO projects FHA to lose $7 billion in 2024 receipts; budget cuts could impact reverse mortgages
HousingWire via Yahoo Finance· 6 months agoAmerican flag waving with the Capitol Hill in the background The Federal Housing Administration...
Reverse mortgage volume and securities issuance trend lower in December
HousingWire via Yahoo Finance· 6 months agoWhen assessing December’s Home Equity Conversion Mortgage (HECM) volume data for December 2023,...
Ginnie Mae revises HECM-backed securities policy to enhance issuer liquidity
Investing.com via Yahoo Finance· 9 months agoThe Government National Mortgage Association (Ginnie Mae) has announced a policy revision for its Home Equity Conversion Mortgage (HECM)-backed Securities (HMBS) program, effective from Oct.