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Servicing

Reverse Mortgage Rules Receive an Update

Lender

The Federal Housing Administration recently announced that it will begin requiring lenders originating new reverse mortgages, to provide a second property appraisal under certain circumstances. Find out what circumstances call for a second appraisal.

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Ocwen Ready to Close on PHH Acquisition

Ocwen announced that it is ready to close on its acquisition of PHH Corporation. Ocwen will acquire all outstanding shares of common stock of PHH for approximately $360 million in cash or $11 per diluted common share.

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Manufactured Homes vs. Traditional Housing

Though manufactured homes are 35 to 47 percent cheaper per square foot than site-built houses a recent report found that they may still appreciate at similar levels to traditional homes. What other myths are out there about manufactured housing?

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Why Aren’t Americans Tapping Into Home Equity?

home equity

Americans are sitting on over $6 trillion in home equity, however, many are unwilling to tap into their equity with home equity loans or HELOCs. Those that do tend to put it right back into home repairs. How might homeowners make better use of their equity?

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Commissioner Brian Montgomery Discusses HUD

The Hon. Brian D. Montgomery, FHA Commissioner and Assistant Secretary for Housing, U.S. Department of Housing and Urban Development, headlined a powerful lineup of industry professionals who gathered Monday as part of the Legal League 100 Servicer Summit.

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