Why ADUs can be used for aging in place — and how reverse mortgages might help

Accessory dwelling units (ADUs) have a lot of potential for aging in place, as evidenced by their growing popularity and statements from private companies and public officials alike that emphasize their utility for housing seniors. In one recent instance highlighted by the Los Angeles Times, one fam
Read MoreThe financial strength of US homeowners is a cushion against a downturn

With the release of the CoreLogic 2024 Q1 Equity Insights report, which Logan discussed last week, and now the FHFA National Mortgage Database Aggregate Statistics, we have a lot of visibility into the financial position of the American homeowner. The important message in the mortgage data is that e
Read MoreHUD posts updated servicing defect taxonomy for stakeholder review

The U.S. Department of Housing and Urban Development (HUD) on Wednesday posted an updated draft of its proposed defect taxonomy for servicing Federal Housing Administration (FHA) loan reviews.The revised policy will “provide clear guidance to mortgage servicers regarding FHA’s servicing loan review
Read MoreCFPB proposes new servicing rules that would focus on foreclosure assistance

The Consumer Financial Protection Bureau (CFPB) on Wednesday announced a newly proposed rule that would amend Regulation X and require mortgage servicers to emphasize borrower assistance and loss-mitigation options over foreclosure when a borrower struggles to make their required mortgage payments.“
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