Category Archives: News

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…

Consumer Financial Protection Bureau Supervision Finds Mortgage Servicers’ Ongoing Technology Failures and Process Breakdowns Trigger Rule Violations

Last week, the Consumer Financial Protection Bureau (CFPB) released a special edition supervision report focused on mortgage servicers. The report indicates that some mortgage servicers are putting themselves in violation of CFPB’s new servicing rules…