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Reverse Mortgage Industry News

• Treasury Dept.: Reverse Mortgages May Qualify For American Rescue Plan Funds
  The U.S. Department of the Treasury released new guidance about the American Rescue Plan, detailing that certain borrowers of nontraditional mortgages — including reverse mortgages — may qualify for aid under the law.
• Financial Planner: When a Reverse Mortgage Makes Sense for a Borrower
  In her second of two columns focused on explaining how a reverse mortgage can be beneficial for certain seniors, a financial planner explores product features like a reverse mortgage line of credit and HECM for Purchase.
• FHA Extends Eviction Moratorium, But Foreclosures on Schedule to Resume
  While foreclosures are set to resume in August, the Federal Housing Administration (FHA) has extended a ban on foreclosure-related evictions after urging from the Biden administration which affects the Home Equity Conversion Mortgage (HECM) program.