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This wasn’t something anyone in the industry expected from the Bill and will hurt the reverse mortgage industry. . While I think all of us will agree that the guidelines HUD has issued for the program.

In recent years, the reverse mortgage industry has seen the introduction of a new era of jumbo products with the launch of Finance of America Reverse’s HomeSafe product in 2014 and the AAG Advantage.

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FDIC in the News And other juicy banking nuggets. Net income in Q4 2018 among all 5,406 FDIC-insured banks and thrifts more than doubled year-over-year to $59 billion, due to “higher net operating revenue” and “lower income tax expenses”; and full-year net income rose 44% to $237 billion, the FDIC reported today in its Quarterly Banking Profile.But over the same period, “unrealized losses” on.

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Mortgage Fraud on the Rise Again in the U.S. Mortgage application fraud risk in the U.S. has been steadily increasing at the national level since corelogic started tracking this data in 2010, and according to new analysis, fraud risk is becoming more prevalent in larger metropolitan areas, particularly in the Northeast and Southeast.

A hard money loan is a species of real estate loan collateralized against the quick-sale value of the property for which the loan is made. Most lenders fund in the first lien position, meaning that in the event of a default, they are the first creditor to receive remuneration.