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Around the Industry

March 23, 2018
VA 19th Annual Lenders Conference. The Department of Veterans Affairs will have its annual conference at the Hilton Miami Downtown in Miami, from April 10-12, 2018. HECM Premium Calculation Software Version 2.5 Now Available. On March 21, FHA released Version 2.5 of the Home Equity Conversion Mortgage software for calculating the initial mortgage insurance premium for HECM refinances. In December, FHA announced the posting of FHA Connection Release Notes, which outline the changes and processing instructions for lenders to calculate initial MIP on reverse-mortgage refis. Extension of HECM Foreclosure Timelines in Disaster-Stricken Areas. On March 19, FHA announced the extension of foreclosure timelines through May 18, 2018, in areas in Puerto Rico and the U.S. Virgin Islands that suffered extensive damage due to Hurricane Maria. The extension applies only to those ...
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