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Federal Housing Administration sets loan limits for 2026

FHA, Originations, Politics and policy /

The Federal Housing Administration has officially established the 2026 limits for loans that it insures, including traditional products and those originated through its reverse mortgage program. Processing Content The administration set the core limits for single-unit properties in low- and high-cost areas at $541,287 and $1,249,125, respectively. Those limits are based on 65% and 150% […]

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HUD reopens reverse mortgage comment period

FHA, HECM, HMBS, HUD, HWmember, NRMLA, Regulatory, Reverse, Reverse Mortgage Daily /

The U.S. Department of Housing and Urban Development (HUD) is reopening the public comment period for a review of federal reverse mortgage programs, the agency announced Wednesday in the Federal Register. HUD previously issued a request for information in October, seeking input on the Home Equity Conversion Mortgage (HECM) and HECM Mortgage-Backed Securities (HMBS) programs.

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NRMLA speaks out on the future of federal reverse mortgage programs

FHA, Ginnie Mae, HECM, HMBS, HUD, HWmember, NRMLA, Regulatory, Reverse, Reverse Mortgage Daily /

After federal housing leaders issued a request for information in October about the future of two key reverse mortgage programs, the National Reverse Mortgage Lenders Association (NRMLA) weighed in last week with a detailed list of suggestions. The trade group issued an 11-page letter to the U.S. Department of Housing and Urban Development (HUD) and

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MBA lays out proposed changes for federal reverse mortgage programs

FHA, Ginnie Mae, HECM, HMBS, HUD, HWmember, LendingLife, Mortgage Bankers Association, Reverse, Reverse Mortgage Daily /

The Mortgage Bankers Association (MBA)’s proposals to reform federal reverse mortgage programs include seven key recommendations — ranging from the creation of a new securitization option to charging insurance premiums based on the actual amount drawn.  In October, the U.S. Department of Housing and Urban Development (HUD), the Federal Housing Administration (FHA) and Ginnie Mae

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Reviving this one FHA program could greatly boost homeownership

Reviving this one FHA program could greatly boost homeownership

FHA, Housing affordability, Mortgages /

The Federal Housing Administration once helped finance thousands of loans for manufactured housing. An effort to restart that program would help millions of Americans afford their own homes, writes Scott Susin, of the Center for Mortgage Access.Kybele – stock.adobe.com The Federal Housing Administration, or FHA, was once a major player in lending for manufactured homes

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FHA waives disclosure as nominee for commissioner advances

FHA, Originations, Politics and policy /

The Federal Housing Administration is waiving its policy requiring mortgagees to provide borrowers with a longstanding notice that lays out FHA loan rights and responsibilities. The waiver for use of the “Important notice to homebuyers” disclosure is in line with the federal government’s broader deregulatory agenda, and ends the use of “a redundant and outdated

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NRMLA backs Gormley and Cassidy for key housing roles

NRMLA backs Gormley and Cassidy for key housing roles

FHA, Ginnie Mae, Government Lending, HUD, HWmember, Mortgage, NRMLA, Politics, Reverse Mortgage Daily, Senate /

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

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FHA foreclosures drag down strong mortgage performance

FHA, Foreclosures, Industry News, Secondary markets, Servicing /

Mortgage performance remained strong in September despite Federal Housing Administration loans driving up total foreclosures, according to new industry data. Overall foreclosure volume remained historically low, with foreclosure sales reaching 21,000 in the third quarter this year, roughly half of 2019’s pre-pandemic levels, according to a report from ICE Mortgage Technology. FHA loans accounted for

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Proprietary reverse loans give younger homeowners more options

FHA, Finance of America, HECM, Housing Market, HWmember, Mutual of Omaha Mortgage, Reverse, Reverse Mortgage Daily /

In an effort to nudge older homeowners to tap into their home equity, the reverse mortgage space is expanding beyond federally backed offerings as lenders develop proprietary products with fewer restrictions. The push reflects a confluence of factors: rising home values, inflation, relatively high mortgage rates and a swelling population of Americans nearing or entering

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Government shutdown halts new reverse mortgage endorsements

FHA, Government Lending, Government Shutdown, HECM, Housing Market, HWmember, Reverse, Reverse Mortgage Daily /

The Federal Housing Administration (FHA) said Wednesday it will continue processing claims during the government shutdown but cannot endorse new Home Equity Conversion Mortgages (HECMs) until funding is restored. That information was confirmed by the National Reverse Mortgage Lenders Association (NRMLA). Because most reverse mortgages fall under the FHA’s HECM program, FHA loan endorsements stop

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