Previous: U.S. Homeownership Rates Lose Ground to Other Developed Countries Next: What Will Dodd-Frank Modification Bill Mean for Housing? Sign up for DS News Daily in Daily Dose, Featured, Foreclosure, Government, Journal, News Governmental Measures Target Expanded Access to Affordable Housing 2 days ago March 14, 2018 7,073 Views Tagged with: Department of Housing and Urban Development Federal Housing Finance Administration FHFA HECMs Home Equity Conversion Mortgages HUD Reverse Mortgages Data Provider Black Knight to Acquire Top of Mind 2 days ago Share Save Reverse mortgages have become a popular—and sometimes controversial—way for Americans to make use of the accrued equity in their homes, especially for older homeowners. The latest controversy surrounds HUD foreclosures on homes participating in the home equity conversion mortgage (HECM) program, and more specifically foreclosures that involve the spouses of deceased borrowers. Now a pair of advocacy groups have raised concerns about the program, and HUD has responded.According to the California Reinvestment Coalition and Jacksonville Area Legal Aid, of the nearly 600 non-borrowing spouses who requested aid from HUD to avoid foreclosure on their homes, 317 received assistance and 132 were denied. The two advocacy groups arrived at those figures via HUD data retrieved through a Freedom of Information Act request. Another 142 requests were still shown as pending. (This is only a small portion of those non-borrowers who could theoretically request assistance after the death of their spouse—the Washington Post estimates there may be as many as 12,000 non-borrowing spouses under the HECM program.)Based on the HUD data, the top three reasons applicants were denied assistance under the program included requests for assistance that were submitted more than 120 days after the borrower’s death, instances where the loan balance and net principal limit did not meet FHA’s tolerance levels, and cases of “deficient documentation.”“We can all agree that we should do everything we can to keep widowed seniors in their homes and to prevent all unnecessary foreclosures,” said Kevin Stein of the California Reinvestment Coalition. “It is not acceptable that any senior should fall through the cracks into homelessness due to inadequate public policy. We must fix this problem.”The advocacy groups have recommended HUD immediately begin sending notice letters to all borrowers and non-borrowing spouses, explaining what is needed for non-borrowing spouses to remain in the home in the event of the death of their spouse.However, HUD representatives say that the problem is overstated, largely due to a misinterpretation of the data. HUD public affairs specialist Brian Sullivan told Reverse Mortgage Daily, “Based upon data we gave them, they put two and two together and get something other than four.” According to Sullivan, the HUD stats quoted by the advocacy groups only represent “applications for loan assignments under the ‘mortgagee optional election’ (MOE), a program in which HUD pays the insurance claim but qualified non-borrowing spouses are allowed to remain in the home.”Sullivan explained that the data is only used “to signify the number of the assignments or requests for these assignments, as opposed to the number of borrowers being kicked to the curb.”Sullivan also referenced HUD mortgagee letters which explain the subject and requirements in detail.“That is why counseling is so critical in the origination of these mortgages,” Sullivan told Reverse Mortgage Daily. “People have got to understand what a reverse mortgage is.” About Author: David Wharton Department of Housing and Urban Development Federal Housing Finance Administration FHFA HECMs Home Equity Conversion Mortgages HUD Reverse Mortgages 2018-03-14 David Wharton Related Articles Demand Propels Home Prices Upward 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Home / Daily Dose / HUD Addresses Concerns About Reverse Mortgage Foreclosures Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago HUD Addresses Concerns About Reverse Mortgage Foreclosures Print This Post Subscribe
Norway’s sovereign wealth fund has revoked its exclusion of US defence firm Raytheon from its investment universe, after blacklisting its shares back in 2005.Norges Bank Investment Management (NBIM), which manages the oil revenue-funded the NOK7.4trn (€827bn) Government Pension Fund Global (GPFG), said it had excluded the company from its investment 12 years ago due to the company’s involvement in the production of cluster munitions.NBIM said: “The executive board’s decision to revoke the exclusion was made on the basis of a recommendation from the Council on Ethics, which regularly shall assess whether the basis for observation or exclusion still exists.“The Council on Ethics has received confirmation from Raytheon that the company no longer has any activities associated with production of cluster munitions.” The council said in its recommendation, dated 22 August 2016, that Raytheon has issued a statement on its website saying it did not manufacture or sell cluster munitions — nor did it make or sell land mines, nuclear warheads, or biological or chemical weapons.In 2008, a number of Nordic pension funds blacklisted Raytheon because of its involvement in the making of cluster bombs along with other companies involved with the controversial munitions.The four Swedish national pensions buffer funds AP1, AP2, AP3 and AP4, Industriens Pension and Danica Pension in Denmark were among those divesting from Raytheon and other companies and removing them from their investment universe.The Council on Ethics for the GPFG exists to evaluate whether the fund’s investments are consistent with the fund’s ethical guidelines.The Convention on Cluster Munitions was signed in December 2008 in Oslo, prohibiting all use, stockpiling, production and transfer of the weapons, and so far it has been signed by 119 states. These weapons are considered a danger to civilians in a conflict both during war and for years afterwards, since the ‘bomblets’ can wander off course and remain unexploded, like landmines.
LifestyleRelationships 30 simply perfect ways to make your spouse feel like a million bucks by: www.Familyshare.com – February 9, 2015 284 Views no discussions Share Sharing is caring! Share Tweet Share What have you done today to make your spouse feel loved? If your idea of romance involves an elaborate getaway, big bouquets of flowers and pricey jewelry, you might miss out on everyday opportunities to make your spouse feel loved. Romance doesn’t have to involve some big, overblown drama. In everyday life, it’s the small things that mean the difference between feeling loved and feeling neglected.Your spouse needs to feel your support on a daily basis, not only on your anniversary and Valentine’s Day. Making your spouse feel worthwhile is something you can fit in every day with only a few minutes and little to no money. It may take some creativity, but simple acts of service go a long way toward making your marriage spectacular.In an effort to give you inspiration, here are 30 simple ways to make your spouse feel like a million bucks today. No elaborate scheming required.Give him kisses as often as possible.Hold hands walking into the store.Snuggle on the couch while you watch TV.Send her a sweet text message in the middle of the day.Leave an “I love you” written in the steam on the mirror during his shower.Make her favorite meal as a surprise.Ask him how his day was, then really listen to the answer.Brag about him in front of your friends.Leave a love note on his pillow.Take a walk together after dinner.Wake her with a kiss in the morning.Throw his towel in the dryer to warm up during his shower.Flirt with him in front of the kids.Turn on your song and slow dance.Get a little more dressed up than usual to catch her eye.Give a 30-second hug when he walks in the door.Let her sleep in one morning.Take on a chore he usually does.Plan an at-home date for after the kids go to bed.Surprise her with a sweet treat from the store.Take a sincere interest in his favorite hobby.Offer a genuine compliment.Watch the kids so she can go out with the girls.Don’t complain about his family.Show your trust by not nagging, whining, or micromanaging.Catch her eye and smile at her across a room.Give him a foot or hand massage.Read her favorite book so you can discuss it.Bring up cute stories from your dating and newly married past.Never leave without saying, “I love you.”It’s so simple to show your spouse how much you care, but it’s also so easy to let the business of life get in the way of your marriage. As a spouse, you hold all the secrets about your partner — his fears, his failures and his insecurities. From that privileged place, you also hold the power to either lift him up or tear him down. Both husband and wife share a responsibility to bring out the best in each other. You can do that with just a few perfectly simple acts each day.
Chelsea have seen two offers for Rooney rebuffed by United, who insist the England striker is not for sale. Mourinho will test that resolve, but not until after the trip to Old Trafford. Jose Mourinho and Chelsea will wait until after Monday’s Barclays Premier League match with Manchester United to make a third approach for transfer target Wayne Rooney. “I don’t want Chelsea to do it before we go there,” said Mourinho, following Chelsea’s 2-1 defeat of Aston Villa. “Everybody in the club, in the board, they agree with me. They share that opinion. “I think this period, by the ethical point of view, is a period where we’re going to be quiet.” The transfer window closes on September 2, so Mourinho and Chelsea may bide their time over Rooney. Mourinho has expressed sympathy with the view of managers who believe the transfer window should close before the start of the Premier League season. Yet the self-styled Special One is still determined to do his utmost to recruit Rooney, who appears unhappy at United. Mourinho has expressed satisfaction with his squad, which contains three strikers in Fernando Torres, Romelu Lukaku and Demba Ba. Ba started against Villa, with Lukaku coming off the bench and Torres not in the matchday squad. There are alternative targets should a third bid fail, with Anzhi Makhachkala striker Samuel Eto’o, who played under Mourinho at Inter Milan, reportedly one of them. Speaking prior to the Villa clash, Mourinho said: “We have plans B and C. Don’t ask me names because it’s difficult to speak about players from other clubs.” Press Association