Tag: 203k

FHA HECM-Reverse Mortgage Updates – Moratorium Extension – HECM Fraud

| Posted on |

Written by: Melinda Hipp, Staff Writer HECM Updates & Interpretation: FHA Extends Exterior Appraisals to October 31 – Extends Foreclosure Moratorium Until Year End The Department of Housing and Urban Development announced the re-extension of exterior-only appraisals for case numbers on HECM’s (Reverse Mortgages) assigned on or before October 31, 2020. Details were provided in Mortgagee […]

A subscription is required to access this content—please view our available subscription options. If you are a current subscriber, please log in.

FHA Mortgagee Letter 2020-24, Revision of Effective Date for COVID-19 – Updated Temporary Guidance for Verification of Self-Employment; Rental Income

| Posted on |

Written by: Tracey Rumsey, Staff Writer This article highlights some important temporary guideline changes for FHA loans, especially for clients who are self-employed or have rental income. If you work with FHA loans this is a must-read! Rule Synopsis: Effective dates: Verification of business operations for self-employed borrowers and the rental income guidance is effective […]

A subscription is required to access this content—please view our available subscription options. If you are a current subscriber, please log in.

FHA HECM-Reverse Mortgage Updates for August

| Posted on |

Written by: Melinda Hipp, Staff Writer Each month our HECM expert brings you the latest updates for FHA-HECM loans.  If this is an area of interest for you, make sure that you stay up to date with the changes by reading this article. Rule Synopsis: HUD issued mortgage letter 2020-24 Temporary guidance for case numbers […]

A subscription is required to access this content—please view our available subscription options. If you are a current subscriber, please log in.

FHA HECM-Reverse Mortgage Updates – COVID19 and SWAP Rate

| Posted on |

Written by: Melinda Hipp, Staff Writer Big things are happening in Reverse Mortgage world.  It sounds like there are some massive nuggets of opportunity in this update! Rule Synopsis: The last 8-12 weeks have been a crazy time, both for the world, the USA and for the mortgage industry.  This includes the specialized Reverse Mortgage […]

A subscription is required to access this content—please view our available subscription options. If you are a current subscriber, please log in.

NAVIGATION

JOIN OUR MAILING LIST

GET SOCIAL

Facebook Linkedin Twitter Instagram
Copyright 2021 All content © Mortgage Currentcy | All rights Reserved.
Terms of Service
Facebook-f Linkedin Twitter Instagram
Scroll to Top