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Reverse Mortgage Solutions, Inc. (RMS) and REO Management Solutions, LLC were recently acquired by Mortgage Assets Management, LLC (MAM) as part of a stock and asset purchase transaction entered into with Ditech Holding Corporation. MAM is a mortgage portfolio investment company headquartered in Washington, DC.

REO News

FHA Extends Reverse Mortgage Borrower Relief to End of March

The U.S. Department of Housing and Urban Development (HUD) and the Federal Housing Administration (FHA) announced today extended and updated guidelines surrounding forbearance requests for mortgage borrowers who have been impacted by the economic effects of the COVID-19 coronavirus pandemic, including the delay of due and payable requests for Home Equity Conversion Mortgages (HECMs). This […]

The post FHA Extends Reverse Mortgage Borrower Relief to End of March appeared first on Reverse Mortgage Daily.


Wall Street Journal: Retirement Withdrawals Not as High as Expected

There was an increase of withdrawals made by workers from their retirement accounts in the closing months of 2020 presumably to meet the additional economic challenges presented by the COVID-19 coronavirus pandemic, but those withdrawals were more modest than originally expected. This is according to original reporting at the Wall Street Journal. Last March, the […]

The post Wall Street Journal: Retirement Withdrawals Not as High as Expected appeared first on Reverse Mortgage Daily.


Reverse Mortgage Executive Outlook: How the Business Can Expand and Evolve in 2021

To close out Reverse Mortgage Daily’s industry coverage in 2020, we took a look at the top stories of the year that garnered the highest readership based on our internal data. To begin the new year, we also took a look at four key trends that the reverse mortgage industry should keep an eye out […]

The post Reverse Mortgage Executive Outlook: How the Business Can Expand and Evolve in 2021 appeared first on Reverse Mortgage Daily.


Acting CFPB Director Uejio Plans for Active Role in Interim Posting

Acting Director of the Consumer Financial Protection Bureau (CFPB) David Uejio does not intend to be a passive functionary as Biden administration nominee Rohit Chopra awaits Senate confirmation, telling staff in an email that he intends to begin focusing on the new administration’s priorities ahead of Chopra’s confirmation. This is according to an internal CFPB […]

The post Acting CFPB Director Uejio Plans for Active Role in Interim Posting appeared first on Reverse Mortgage Daily.


Why Clarity is Key for Reverse Mortgage Post-Death Issues

Death is always a disruptive occurrence, and in the realm of financial planning, it can be a critical point at which surviving heirs need to make some key decisions regarding the fate of a decedent’s estate and assets. For someone who had a reverse mortgage on his or her home at the time of death, […]

The post Why Clarity is Key for Reverse Mortgage Post-Death Issues appeared first on Reverse Mortgage Daily.


Former Assistant HUD Secretary Montgomery Reflects on Time in Office

Former Assistant Secretary of the U.S. Department of Housing and Urban Development (HUD) Brian D. Montgomery reflected on his time serving in the administration of President Donald Trump, praised the career and political officials he worked with at the Department and called for a return of civility to American politics in a new piece published […]

The post Former Assistant HUD Secretary Montgomery Reflects on Time in Office appeared first on Reverse Mortgage Daily.


HUD Acting Leadership Geared Toward Crisis Response, as CFPB Gets New Acting Director

The U.S. Department of Housing and Urban Development (HUD) has installed a new acting leadership team and a new permanent chief of staff, while the Consumer Financial Protection Bureau has also appointed a new acting director while new full-time positions are awaiting the Senate confirmation process according to announcements issued by the White House and […]

The post HUD Acting Leadership Geared Toward Crisis Response, as CFPB Gets New Acting Director appeared first on Reverse Mortgage Daily.


Foreclosure Moratorium Extension is Biden Admin’s First HECM-relevant Action

In the publication of the first Mortgagee Letter (ML) with relevance to the Home Equity Conversion Mortgage (HECM) program announced during the new Biden administration, the U.S. Department of Housing and Urban Development (HUD) has extended a previously-instituted moratorium on foreclosures and evictions through March 31. This is according to the publication of ML 2021-03 […]

The post Foreclosure Moratorium Extension is Biden Admin’s First HECM-relevant Action appeared first on Reverse Mortgage Daily.


Reverse Mortgage ‘Transformation’ Unlikely with New President

Today is Inauguration Day, marking the official beginning of the four-year term of the 46th President of the United States, Joseph R. Biden, Jr. Whether you voted for the incoming president or not, some in the reverse mortgage industry appear to be interested in the changes that the federal government under Biden’s watch could make […]

The post Reverse Mortgage ‘Transformation’ Unlikely with New President appeared first on Reverse Mortgage Daily.


CFPB Director Kraninger Resigns As Biden Takes Office

Director of the Consumer Financial Protection Bureau (CFPB) Kathleen Kraninger has resigned from her position as head of the agency, reportedly at the request of the Joe Biden administration. This is according to the former director herself, issuing a tweet including her resignation letter on Wednesday afternoon. In her letter addressed to President Biden, Kraninger […]

The post CFPB Director Kraninger Resigns As Biden Takes Office appeared first on Reverse Mortgage Daily.