NASDAQ to delist Home Loan Servicing Solutions

NASDAQ to delist Home Loan Servicing Solutions

Next shoe in New Residential deal drops

First-time buyer GSE mortgage loans are getting far riskier

Risk index for agency mortgages for new buyers at series high

6 secrets to dealing with regulations for mortgage servicers

A candid look from the perspective of 2 recovering regulators
W S
Servicing / The Ticker

New program helps Florida residents with reverse mortgages

Florida house
/ Print / Reprints /
| Share More
/ Text Size+

A partnership involving Fannie Mae and statewide housing agencies rolled out in Florida last week, designed to help seniors in the state with reverse mortgages that may be having trouble paying taxes and insurance. Per the GSE's industry blog:

Florida seniors in default on their reverse mortgages because of unpaid property-related expenses can now get relief from the newly announced Elderly Mortgage Assistance Program (ELMORE).

Florida Housing Finance Corp. (Florida Housing), Florida Department of Elder Affairs, Fannie Mae, and other agencies announced the program on Nov. 12. ELMORE will make $25 million from the state’s Hardest-Hit Fund (HHF) available to help eligible homeowners catch up on past-due property-related expenses, such as property taxes, homeowners insurance, and homeowners and/or condo association fees.

The GSE is working now to get the word out to reverse mortgage servicers operating in the state about the new program, it said.

Recent Articles by HousingWire Staff

Comments powered by Disqus