Chris Clow
Editor at Reverse Mortgage Daily
Editor at @rmdaily. Follow me here for the latest #reversemortgage industry news!
Articles
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3 days ago |
housingwire.com | Chris Clow
The guaranteed loan subsidy rate — which measures the receipts produced by the program for the federal government — was -2.87% in 2024. The negative rate indicates that HECMs generated receipts, whereas a positive figure would have required a subsidy from the government on the portfolio, costing taxpayers money. The negative rate is projected to dip slightly this year to -2.65% before rising again in 2026 to -3.13%.
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3 days ago |
housingwire.com | Chris Clow
But an oral argument is not guaranteed, and neither party has yet to make any official motions to be ruled upon. TCB initially brought the case against Ginnie Mae and the U.S. Department of Housing and Urban Development (HUD) in late 2023.
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3 days ago |
housingwire.com | Chris Clow
Rep. French Hill (R) — who represents Arkansas’s second congressional district that contains most of Little Rock — called on HUD acting inspector general Stephen M. Begg to initiate an investigation stemming from historic issues that HUD has previously recognized at the public housing authority, and what Hill called his “continued disappointment with the troubled operations” of it.
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3 days ago |
housingwire.com | Chris Clow
But another emerging concern is related to commercial real estate. With the data-center sector having faced consistent challenges stemming from the post-pandemic shift away from business in a dedicated office setting, the appetite for the construction of large data centers at a rapid pace could prove consequential for commercial real estate. This is according to reporting from multiple outlets and a review of various metrics by HousingWire.
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4 days ago |
housingwire.com | Chris Clow
The original guidance, codified in December’s ML 2024-24, was designed to broaden the ways for borrowers to meet with lenders following the success of remote communications on housing issues during the COVID-19 pandemic.
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RT @swheelerHW: Here we go! A big sound stage where the podiums for the candidates are facing two moderators at the CNN news desk. They're…
RT @JRatcliffeHFPC: HFPC Fellow Ted Tozer: “This is showing me that Ginnie Mae is going through everything they can think about [as it rela…
The recent NYT story about reverse mortgages has been picked up by a lot of other papers, including the @seattletimes, making this the very first push notification about the product I've ever received on my phone. Read about that story at @rmdaily: https://t.co/LIJFqghh1q https://t.co/ayISSEAmFQ
