The U.S. Department of Housing and Urban Development (HUD) announced the appointment of Andrew Lofton on Friday as its new administrator for the Northwest region, encompassing the states of Alaska, Idaho, Oregon and Washington. In this role, Lofton will “serve as HUD’s liaison to mayors, city manage

Ginnie Mae announced this week that it is adding a new pool-level, low-to-moderate income (LMI) disclosure to its Home Equity Conversion Mortgage (HECM)-backed Securities (HMBS) program. The move is part of an ongoing effort by the company to improve its securities disclosures, something that began

The ongoing lack of housing affordability is prompting more renters to doubt their ability to become homeowners. According to a recent Redfin survey, nearly 40% of U.S. renters don’t believe in their ability to ever own a home, up from roughly 27% less than a year ago. While lack of affordability is

Reverse mortgage industry professionals have spoken for months about the consequences of high interest rates on their ability to pursue business, and now AARP has taken a closer look at the impacts. While higher rates are bad news for the mortgage industry in a broad sense, the impact on reverse len