Topic
Home Equity Conversion Mortgage
9 published works
Financial Services Perspectives
HUD OIG Reports HMBS Program Management Concerns
By James W. Wright Jr., Britney M. Crawford
Consistent with its mission to safeguard against fraud, waste, and abuse, the Office of Inspector General (OIG) of the U.S. Department of Housing and Urban Development (HUD) recently announced concerns…
Financial Services Perspectives
House Financial Services Committee Meets to Discuss Improvements to FHA HECM Program
The U.S. House of Representatives Financial Services Subcommittee on Housing, Community Development, and Insurance convened a hearing on September 25, 2019, to discuss the federal Home Equity Conversion Mortgage (HECM)…
Consumer Financial Services Review
It Just Got Easier to File an FHA HECM Claim
Good news from the Government for a change. Yesterday, October 22, 2018, the Department of Housing and Urban Development (HUD) revised its requirements for lenders submitting Home Equity Conversion Mortgage…
Financial Services Perspectives
Oregon Regulates Home Equity Conversion Mortgage Originators and Servicers in New Law
Oregon’s legislature continues to add state level regulations to the Home Equity Conversion Mortgage (“HECM,” more commonly known as a reverse mortgage) marketplace. In 2015, the state imposed a series…
Financial Services Perspectives
HUD Publishes Final HECM Rule
By James W. Wright Jr., Jared C. Searls
Last year, the Federal Housing Administration (FHA) released a set of proposed rules affecting Home Equity Conversion Mortgages (HECMs) for notice and comment. After receiving 83 comments and responses, the…
Wills, Trusts & Estates Prof Blog
Article on the Importance of the Home Equity Conversion Mortgage
Ben Jakubowicz recently published an Article entitled, What the HECM Is a Reverse Mortgage: The Importance of the Home Equity Conversion Mortgage in an Aging America, 54 U. Louisville L.…
Financial Services Perspectives
HUD Proposes Mandatory Assignment of HECMs
As part of a broader push to update its regulations regarding Home Equity Conversion Mortgages (HECMs, more commonly known as reverse mortgages), the Department of Housing and Urban Development (HUD) published…
Financial Services Perspectives
HUD Reverses Course (Again) on Non-Borrowing Spouses
The Department of Housing and Urban Development (HUD) continues to grapple with how mortgagees and servicers of Home Equity Conversion Mortgages (HECMs), commonly known as reverse mortgages, should proceed where…
Elder Law Prof Blog
Reverse Mortgages: New Rules Target Fiscal Safety and Program Soundness
Earlier this year, Congress passed the Reverse Mortgage Stabilization Act of 2013, and under this legislation the Federal Housing Administration (FHA) was directed to make key changes in the reverse…