Kristen Sieffert

Finance of America expands second-lien product’s reach

Finance of America is expanding its second-lien reverse mortgage product into four new markets to meet increased demand, it announced in a press release Tuesday. Processing Content HomeSafe Second added Louisiana, Rhode Island, Missouri and Washington, D.C. to the states it was already available in: Arizona, California, Colorado, Connecticut, Florida, Illinois, Indiana, Michigan, Montana, Nevada, […]

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HUD watchdog alleges mishandling of partial claims

The Department of Housing and Urban Development’s Office of Inspector General recently reported that it found many inconsistencies in records for due-and-payable partial claims in a recent audit. Processing Content The most common discrepancy found in 74 instances within a statistical sample of 81 loans from 2021-2024 was that the mortgage servicing files involved were

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Frank Cassidy

Former FHA Commissioner Frank Cassidy reveals his next step

Frank Cassidy at a Senate Banking, Housing, and Urban Affairs Committee confirmation hearing in Washington. Photographer:Eric Lee/Bloomberg Former Federal Housing Administration Commissioner Frank Cassidy has announced his return to his roots in a role that will allow him to build on his experience in government and private industry. Processing Content In his position as senior

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