Reverse mortgage lenders were already starting to diversify their offerings earlier this year through the launch or expansion of proprietary product suites. These moves have become even more important at a time when federally insured reverse mortgages aren’t being endorsed. As part of this emerging industry trend, New View Advisors recently announced that it would […]
Proprietary reverse mortgages gain market share Read More »
The Department of Housing and Urban Development has announced a December vacant-loan auction for properties secured by Home Equity Conversion mortgages. HVLS 2026-1 goes on sale on Dec. 9 and consists of first liens secured by Federal Housing Administration-backed HECMs, where borrowers and their spouses are deceased. Total unpaid balance for the pool of loans
HUD opens bidding for latest vacant-loan sale Read More »
Despite the government shutdown, U.S. Reps. Mike Flood (R-Neb.) and Emanuel Cleaver (D-Mo.), leaders of the House Financial Services Subcommittee on Housing and Insurance, have introduced the HOME Reform Act of 2025 — a bill promising to streamline the HOME Investment Partnerships Program administered by the U.S. Department of Housing and Urban Development. The measure
House bill calls for HOME housing program reforms Read More »
The National Reverse Mortgage Lenders Association (NRMLA) and other trade groups issued statements of support this week as they seek to have the Senate confirm two key leaders to federal housing posts. The letters reference President Donald Trump’s nominations of Joseph Gormley as president of Ginnie Mae and Frank Cassidy as commissioner of the Federal
NRMLA backs Gormley and Cassidy for key housing roles Read More »
For Keith Robinson, co-CEO of NextHome, the surge of federal attention on the housing shortage is a positive first step — but one that must be tempered by patience and practicality. “I’m ecstatic that it’s a conversation now, because that’s the first step,” Robinson said. “It’s gone from no one talking about it to it’s
Real estate leaders praise federal housing action, stress first-time buyer help Read More »
Adobe Stock The Trump Administration’s threat to layoff federal workers if the government shutdown continued came to fruition Friday, including some housing cuts. Employees from seven departments were laid off, 442 from HUD, according to a court filing Atlanta News First obtained. In total, 4,200 employees received notices, a little over 10% of which came
HUD to lay off 400 employees amid government shutdown Read More »
The National Fair Housing Alliance and a top Democrat are criticizing the new leader of a federal fair housing office over his alleged troubling record regarding civil rights. Craig Trainor was confirmed Wednesday as the assistant secretary for the Office of Fair Housing and Equal Opportunity at the Department of Housing and Urban Development. Senators
Critics question HUD fair housing boss’ civil rights record Read More »
With the U.S. government shutdown in effect and little progress made on an eventual reopening, mortgage lenders are busy measuring operational impacts while introducing strategies drawn on past experience to keep business flowing. As of Wednesday, many questions remain about the full extent of the impact on support provided to lenders, with most federal services
Shutdown tests lenders’ plans to keep loans moving Read More »
A message on the Department of Housing and Urban Development’s website blaming “the Radical Left” for the government shutdown has prompted legal complaints and accusations of a Hatch Act violation. HUD officials Wednesday pushed back on criticism of the pop-up window and banner on their home page stating “The Radical Left in Congress shut down
HUD accused of violating Hatch Act over shutdown message Read More »
The Trump administration is preparing to slash funding for permanent housing programs aimed at addressing homelessness and shifting billions toward transitional housing that requires work or service participation, according to a report from Politico. The Department of Housing and Urban Development’s (HUD) Continuum of Care program — the nation’s largest initiative to house people experiencing
Trump administrations plans deep cuts to homeless housing Read More »