HUD Raises HECM Fees, Tightens Loan Limits

HUD on Tuesday said it will raise upfront fees and tighten distribution limits of its Home Equity Conversion Mortgage Program.

Hurricane Harvey Brings Uncertainty to Texas CRE

Hurricane Harvey has been downgraded to a tropical depression, but Texas commercial real estate will feel the storm’s effects for a long time to come, analysts say.

Defect Risk at ‘Turning Point?’

Frequency of defects, fraudulence and misrepresentation in the information submitted in mortgage loan applications were unchanged in July after seven consecutive monthly increases, said First American Financial Corp., Santa Ana, Calif., suggesting such defects could be at a “turning point.”

Regulators Propose Basel III Delay

Yesterday, federal agencies issued a notice of proposed rulemaking that would pause Basel III implementation for certain assets, a development long advocated by the Mortgage Bankers Association.