The Federal Housing Administration (FHA) this week published a new proposed policy for the Home Equity Conversion Mortgage (HECM) program, which would update the way debenture interest rates for HECM loans operate.The draft Mortgagee Letter (ML) “proposes updates to HUD’s calculations for the paymen

Finance of America, the reverse mortgage industry’s leading lender, announced this week that its planned reverse stock split will take place as scheduled on July 25.The plan, initially announced last month, involves consolidating the available shares in the company into fewer, higher-priced shares.

Last month, the U.S. Department of Housing and Urban Development (HUD) announced the launch of a new program designed to allow for the purchase, refinance or renovation of manufactured housing under a loan program sponsored by the Federal Housing Administration (FHA).The Manufactured Home Community

In part 2 of a wide-ranging interview with Editor in Chief Sarah Wheeler, Brooke Anderson-Tompkins talks about the right time to start implementing AI and why she’s an AI optimist. Anderson-Tompkins was president of 1st Priority Mortgage for 15 years and is a former chair of the Community Mortgage L