The American Mortgage Diversity Council Appoints Landmark CEO Erik Richard as Senior Policy and Program Advisor

DALLAS, September 23 – The American Mortgage Diversity Council (AMDC), a Five Star Institute professional association focused on advancing the conversation of diversity and inclusion within the mortgage industry, has appointed Erik Richard, CEO of Landmark…

FHA Streamlines Process to Help Delinquent Homeowners Avoid Foreclosure and Remain in Their Homes

WASHINGTON – The Federal Housing Administration (FHA) today announced new procedures to strengthen the process mortgage servicers use to help struggling families avoid foreclosure and remain in their homes.  FHA is streamlining its loss mitigation…

HECM Program Supplemental Notice of Proposed Rulemaking Published in the Federal Register

One of the best things about the advent of the internet age is that people, companies, and now even the government are able to crowdsource information for everything from problems to programs. No longer the…

Revised HECM Financial Assessment and Property Charge Guide

This week, the Federal Housing Administration (FHA) published Mortgagee Letter 2016-10. This Mortgagee Letter: Announces and transmits an updated HECM Financial Assessment and Property Charge Guide; Revises the calculation of the growth rate (compounding interest…

National Foreclosure Inventory Drops Back to 1%

Tuesday’s CoreLogic National Foreclosure Report indicated that the inventory of properties in some state of foreclosure had dropped to only 390,000, which represents 1% of all mortgaged homes in the United States. The previous year’s…