FHA Mortgagee Letters
Click the link to read all current and future FHA Mortgagee Letters. Some of the more pertinent information can be found for Home Equity Conversion Mortgages here.
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It amazes me that mortgage companies are continuing the assault on consumers with the newest trick of the trade, loan modification. In the last few days I have been innundated with calls from mortgage companies looking to modify loans of my existing customers for a fee. This is like [...]

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The FHA’s share of the mortgage market soared to 23 percent in July, compared with a market share of just 3 percent for all of 2007. At the current pace, FHA is on track to account for about 30 percent of all new mortgages made by the end of this year. (Source: [...]

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To reduce risk to the lender and to avoid any potential fraud related to property flipping, SLN will now require 12 month occupancy on all reverse mortgage transactions.  read about it here

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