Monica Hogan

The case revolved around a property in Brooklyn, NY, with a reverse mortgage dating back to February 2007 and whose owner died in February 2013. The borrower’s estate challenged the foreclosure, arguing that it was past the statute of limitations.

Earlier this month, FHA issued a temporary partial waiver specific to Hawaii...

Securitization of FHA loans increased 6.3% to $22.09 billion in July, while VA production was up 11.4% to $15.44 billion.

FHA accounted for 59.5% of government-insured originations in the second quarter.

Though supportive of DPA programs to boost housing affordability, some industry participants raised concerns about the agenda working.

The decision makes it clear that the COVID moratorium did not eliminate lenders' right to foreclosure, lawyers say.

Fannie Mae has revised its home sales forecast downward as potential buyers stay on the sidelines in 2024.

“How much impact the program would have depends on how many homebuyers can access it,” said Phil Crescenzo, a vice president at Nation One Mortgage Group.

HECM production picked up somewhat after a lackluster first quarter.

The Consumer Federation of America said buyers using FHA loans often face stigma when buying a home and cannot use many competitive strategies that are common to conventional and cash buyers.