June 5, 2025

HUD

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HUD OIG reveals ongoing reverse mortgage oversight priority

  • May 29, 2025

“In 2015, HUD set a requirement for some HECM borrowers to maintain a Life Expectancy Set Aside to pay for future property taxes, insurance premiums, and flood insurance on behalf of the borrower,” HUD explained in its announcement. “Our objective is to determine if HUD’s HECM Life Expectancy Set Aside calculations are meeting program goals.”

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Loans

New federal rules cut off FHA loans for non-permanent U.S. resident homebuyers

  • April 18, 2025

FHA Loans No Longer Available for Non-Permanent U.S. Residents New rules from the U.S. Department of Housing and Urban Development (HUD) mean non-permanent U.S. residents no longer qualify for government-backed FHA mortgages. HUD’s secretary confirmed the change in a social media post last month, stating: “American taxpayers will no longer subsidize open borders by offering

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