NCOA Booklet Required Reading for HECM Borrowers. The National Council on Aging has announced the availability of the 2013 version of “Use Your Home to Stay at Home,”, the official reverse mortgage booklet approved by the Department of Housing and Urban Development. The booklet is designed to help older homeowners understands the pros and cons of a reverse mortgage. Federal law requires that all individuals who are considering a reverse mortgage go through pre-counseling by a HUD-approved counseling agency and receive a copy of the NCOA guide. The NCOA also offers other ...

The CFPB continues to increase its staff levels by significant numbers with hiring jumping by 26 percent this year.

The five servicers participating in the $25.0 billion national “robo-signing” settlement are well on their way toward meeting their obligations.

The Washington D.C. mortgage market will be fine, even if the "sequester" happens.

FHA late payments are on the rise again.

IsZo Capital Management increases stake in Impac Mortgage.

HSBC is planning a large nonperforming mortgage auction that could happen early in the second quarter.

Walter Investment is buying the residential origination platform of Ally Bank for next to nothing.

If Wells Fargo sells MSRs more investment vehicles dedicated to servicing rights may spring up.

Banks and Wall Street firms are sticking their toes back in the water when it comes to making loans backed by mortgage servicing rights.