The U.S. Department of Housing & Urban Development (HUD) has announced updated loan limits for calendar year 2026 under the Federal Housing Administration’s (FHA) Single Family Title II forward and ...

FHA raises the 2026 HECM limit to $1,249,125, which is a $39,375 increase from last year and marks the 10th straight year of ...

The Federal Housing Administration (FHA) on Thursday published a new draft version of a Mortgagee Letter (ML) containing a second series of proposed changes to the Home Equity Conversion Mortgage ...

The Mortgage Bankers Association (MBA) has sent a letter to the FHA/Ginnie Mae in response to a Request for Input (RFI) seeking comments on how to modernize and strengthen the Home Equity Conversion M ...

WASHINGTON (AP) — The Federal Housing Administration may need as much as a $1 billion rescue package before the end of the year to bolster its reserves despite efforts to shore up its finances with ...

Q. We are senior citizens who own a condominium with no mortgage. We want to stay in our condominium, however, our savings are dwindling, and our fixed income is not keeping up with our expenses. One ...

As home values continue to rise, many homeowners seek financial solutions that align with their property’s new, increased values. Reverse mortgages offer a compelling option for seniors looking to tap ...

Taking out a reverse mortgage requires some due diligence on your and your lender’s part, similar to taking out a traditional ...

With a reverse mortgage, you borrow against the equity in your home, freeing up cash. Here’s what that means when it comes to taxes, senior benefits, and interest rates. It feels like everything costs ...

For older homeowners who need cash, a reverse mortgage may be an option. But if your home value is higher than federal reverse mortgage limits allow, you might consider a jumbo reverse mortgage. Jumbo ...

Here's a sobering message for anyone who has a federally insured reverse mortgage or plans to apply for one: If you don't pay your local property taxes or hazard-insurance premiums, the risk of losing ...

The other night my cat Myrtle began squeaking in her sleep and moving her paws. She was either dreaming about a Chupacabra, a CFPB exam, or the Department of Justice holding on line 2. Movement ...