Former Ginnie Mae president reacts to lawmaker’s reverse mortgage securities letter

Following the submission of a letter by Indiana Sen. Mike Braun (R) to Ginnie Mae President Alanna McCargo about concerns related to the Home Equity Conversion Mortgage (HECM)-backed Securities (HMBS) program, McCargo’s predecessor, Ted Tozer, hopes the senator will dive deeper into the program’s me
Read MoreFinancial planner: Reverse mortgages can help retirees with high property taxes

A retired public school teacher living in the Pacific Northwest told MarketWatch that he is feeling stressed by high property taxes on a fixed income and asks if he would be a good candidate for a financial adviser. One planner solicited for input thinks that a reverse mortgage could be a worthy con
Read MoreMBA issues support for real estate finance bills debated by Congress

The Mortgage Bankers Association (MBA) announced on Wednesday a series of legislative recommendations, which it sent to the chairman and ranking member of the U.S. House of Representatives’ Financial Services Committee as the body considers the markup of proposed bills centered on real estate financ
Read MoreSupreme Court denies HomeServices’ petition in commission suit

The U.S. Supreme Court has denied HomeServices of America’s request to hear its argument that the Eighth Circuit Court of Appeals wrongly rejected arbitration agreements with unnamed class members in the Sitzer/Burnett commission lawsuit, according to a court docket entry on Monday.In a writ of cert
Read More
Categories
Recent Posts










