Home Equity Loans

Browse articles from all of our Newsletters related to Home Equity Loans.

December 14, 2018 - Inside FHA/VA Lending

FHA’s Mandatory Second Appraisal for Certain HECMs Now Automated

The FHA has announced that protocols in place for second appraisal requirements for certain Home Equity Conversion Mortgage loans are now fully automated.


December 13, 2018 - Inside Mortgage Finance

Study Shows Negative Equity the Most Important Harbinger of Default Rates

Negative equity – or even just the perception of it – is the most important determinant of default rates, according to a recent study by Collateral Analytics.


December 13, 2018 - Inside Mortgage Finance

Home-Equity Lending Still Can’t Get Traction Despite Continued Rise in Property Values

Home-equity lending remains one of the soft spots in the mortgage market, as the supply of loans outstanding continued to shrink and new lending volume remained anemic in the third quarter. [Includes three data charts.]


November 30, 2018 - Inside FHA/VA Lending

Reduced Volume Trend Continues as HECM YoY Production Drops

Home Equity Conversion Mortgage originations saw a modest 4.7 percent sequential fall in the third quarter as the downward volume trend for reverse mortgages continued. [Includes one data chart.]


November 16, 2018 - Inside FHA/VA Lending

FHA Plans Headcount in Certain HECM Homes to Protect Spouses

The Department of Housing and Urban Development is planning to conduct an inventory of occupants of homes with a Home Equity Conversion Mortgage loan originated prior to 2014 to help protect non-borrowing spouses from eviction in the event of the HECM borrower’s death. The status of non-borrowing spouses (NBS) remains an issue with HUD relative to HECM books of business predating 2014, when the program did not provide protections to spouses of deceased HECM borrowers, FHA Commissioner Brian Montgomery said during a press briefing this week. Prior to August 2014, only borrowers over the age of 62 could be on the HECM note and on the title of the home. The policy created a problem for non-borrowing spouses, who could face eviction if the older spouse passed away. The HECM borrower’s death is deemed a “maturity event” that renders the loan due and payable. This meant that the ...


Poll

With loan volumes declining, does your shop have plans to enter the non-QM lending market in 2019?

Yes, definitely. A solid move forward.

45%

Yes, but only incrementally.

16%

We’re pondering a move into non-QM, but haven’t made up our mind.

13%

No, definitely not. We view it has too risky.

26%