Latest news with #FHA-insured
UPI
09-07-2025
- Climate
- UPI
Missing from Central Texas flooding rises to 173
1 of 3 | Texas A&M Forest Service crew members clear debris Tuesday after severe flooding in Central Texas. Photo by S. Turner/Texas A&M Forest Service July 8 (UPI) -- The number of people known to be missing in Central Texas flooding last week has risen dramatically to 173 people, Governor Greg Abbott revealed Tuesday. The vast majority of those unaccounted for -- 161 -- were missing from Kerr County, while 12 people were missing from other counties. Kerr County was hardest hit by the flash flooding early Friday, which overwhelmed the Guadalupe River, a popular recreation site in the region. There have been 108 confirmed deaths in the flooding, including 27 campers and counselors from Camp Mystic. Abbott said five campers and one counselor were among those listed as missing. "There are far more fatalities than there were in Hurricane Harvey. That's how catastrophic this is," Abbott said during a news conference in Hunt. More than 100 people died in the 2017 hurricane that impacted Texas, Louisiana and the Caribbean. Abbott said the dramatic increase in the number of missing came about as officials made greater efforts to reach out to the community. "Know this: We will not stop until every missing person is accounted for," Abbott said. "Know this also, there are very likely to be more added to that list." The governor took issue with questions from the media about the timeliness of warnings about the impending flood, saying instead he'd like to talk about solutions. When asked who was to blame for the lack of warnings, he responded: "That is the word choice of losers." "Every football team makes mistakes," Abbott added. "The losing teams are the ones that try to point out who is to blame." Also Tuesday, the U.S. Department of Housing and Urban Development announced a 90-day pause on foreclosures on Federal Housing Administration-insured mortgages for single-family homes. President Donald Trump declared a major disaster area for Kerr County, which has more than 900 FHA-insured mortgages. HUD Secretary Scott Turner said the department would "provide resources and support" for Texas' Hill Country. "Our hearts break as we witness the catastrophe unfolding in Texas," he said. "The flash floods have claimed the lives of more than 100 Americans and displaced countless others."
Yahoo
04-06-2025
- Business
- Yahoo
Greystone Expands FHA Lending Team with the Addition of Corley Audorff and Josh Williams
NEW YORK, June 04, 2025 (GLOBE NEWSWIRE) -- Greystone, a leading national commercial real estate finance company, announced today that Corley Audorff and Josh Williams have joined the firm as Directors. Both based in Atlanta, GA, Mr. Audorff and Mr. Williams will focus on loan originations for multifamily and seniors housing / healthcare assets, reporting to Field Springer, Chief Operating Officer of Greystone's FHA Lending platform. Mr. Audorff brings over 15 years of experience in real estate finance, most recently serving as a Senior Vice President of Production at Colliers Mortgage from 2022 to 2025, where he focused on HUD/FHA, Fannie Mae, USDA and proprietary lending financing solutions for clients. Prior to his role at Colliers, Mr. Audorff served as a Vice President at PGIM Real Estate, where he specialized in HUD financing, and has also spent time as a Managing Director at Monticello Asset Management. Prior to his work in the private sector, Mr. Audorff served approximately seven years in various roles at the U.S. Department of Housing and Urban Development, including Senior Underwriter. Mr. Williams also joins from Colliers Mortgage, where he was a Vice President from 2022 to 2025. He previously served as a Senior Associate Loan Officer at PGIM Real Estate and as an Underwriter and Production Associate at Monticello Asset Management. His expertise spans multifamily and healthcare sectors, with a strong background in FHA-insured loan products. 'I'm thrilled to join Greystone, the #1 multifamily and healthcare HUD lender*, and work to continue our success together as a team, in multifamily and healthcare finance,' said Mr. Audorff. 'The company's depth of resources, integrated lending platform, and client-focused culture create an environment where I can contribute meaningfully to impactful transactions in the seniors housing and multifamily sectors.' 'Both Corley and Josh's combined depth of experience across the private and public sectors in multifamily and healthcare financing makes them an invaluable addition to our lending team,' said Mr. Springer. 'Together, they strengthen our reach and capabilities in key asset classes and geographies.' About Greystone Greystone Servicing Company is a private national commercial real estate finance company with an established reputation as a leader in multifamily and healthcare finance, having ranked as a top FHA, Fannie Mae, and Freddie Mac lender in volume for these sectors. Greystone loans are offered through Greystone Servicing Company LLC, Greystone Funding Company LLC and/or other Greystone affiliates. For more information, visit *For HUD's 2024 fiscal year. Based upon combined firm commitments of Greystone Funding Company LLC and Greystone Servicing Company LLC. PRESS CONTACT:Karen
Associated Press
22-04-2025
- Business
- Associated Press
HECM Tool adds Smartfi's Choice Fixed Proprietary Product, Helping Forward Mortgage Brokers Step into Reverse with Confidence
GIG HARBOR, Wash., April 22, 2025 /PRNewswire/ -- HECM Tool, the leading reverse mortgage sales and conversion software, announced the integration of Smartfi Home Loans' Choice Fixed proprietary reverse mortgage product into its platform. The update makes it easier than ever for traditional mortgage brokers and forward loan officers to offer reverse mortgages, including Choice Fixed, to clients. With side-by-side comparisons and intuitive visuals, the HECM Tool bridges the gap between forward and reverse lending with clarity and ease. 'We're incredibly excited to see Choice Fixed now available within the HECM Tool platform,' said Kim Smith, Senior Vice President of Wholesale Lending at Smartfi®. 'This partnership combines our industry leading Choice product with a game-changing tool for the wholesale channel—demonstrating Smartfi's commitment to product innovation and making reverse mortgages easy.' Choice Fixed offers fixed-rate stability, quicker closings and broader borrower eligibility than FHA-insured HECMs. Now fully integrated into the HECM Tool's visual interface, loan officers can easily compare and present both HECM and proprietary reverse mortgage options for refinance or purchase transactions. 'This is exactly what brokers have been asking for,' said Joshua Evink, Vice President of Wholesale Lending at Smartfi. 'The HECM Tool gives brokers the confidence to offer reverse—and now they can include one of the most competitive proprietary products in the market.' HECM Tool is the only reverse mortgage software proven to improve conversion rates by simplifying the sales process with data visualization and dynamic reporting. With this new integration, brokers can: - Instantly compare HECM and Choice Fixed scenarios - Present refinance or purchase options clearly and effectively - Educate clients visually—without technical overwhelm - Step confidently into reverse, even with no prior experience 'Forward loan officers now have a clear path into the reverse space,' said Tane Cabe, Founder and President of HECM Tool. 'We're thrilled to include Choice Fixed—it's more than another product. It gives originators clarity and confidence when presenting reverse solutions.' Choice Fixed is available now for all HECM Tool subscribers, empowering brokers to grow by serving one of America's most underserved borrower groups. About HECM Tool HECM Tool is the premier sales platform for reverse mortgage originators, providing data visualization and scenario modeling that increases conversion rates. Learn more at About Smartfi Home Loans Smartfi offers industry-leading reverse mortgage products like Choice Fixed & HECMs while delivering best-in-class service to expand access for brokers and borrowers across retail, wholesale, and consumer-direct channels. Media Contact Tane Cabe [email protected] (253) 765-5035 View original content: SOURCE HECM Toolbox
Yahoo
06-03-2025
- Business
- Yahoo
HUD extends foreclosure moratorium for L.A. County wildfire victims
The U.S. Department of Housing and Urban Development on Thursday announced a 90-day extension for its foreclosure moratorium for many single-family-home mortgages impacted by the Los Angeles County wildfires. Originally scheduled to expire on April 8 2025, the moratorium prohibits mortgage servicers from initiating or completing foreclosure actions on FHA-insured single-family forward or Home Equity Conversion mortgages in the Los Angeles County Presidential Major Disaster Declaration (PDMDA) area. The moratorium will now expire on July 7, 2025. Newsom extends housing access, rebuilding efforts for wildfire victims HUD also shared these tips for wildfire victims. Borrowers unable to make their mortgage payments should contact their mortgage servicer for assistance as soon as practical. Borrowers may also contact the FHA Resource Center at (800) CALL-FHA (1-800-877-8339 or TTY 1-800-877-8339) for assistance. Borrowers and renters who need immediate housing and disaster recovery assistance; HUD-certified housing counselors are prepared to provide guidance on the available options. To find a HUD-approved housing counseling agency, borrowers can use HUD's online search tool or use our phone search by calling (800) 569-4287 or (202) 708-1455 (TTY). For borrowers whose homes are destroyed or damaged to an extent that requires reconstruction or complete replacement, contact an FHA-approved lender about FHA's Section 203(h) loan program. This program provides 100 percent financing for eligible homeowners to rebuild or purchase new homes. For borrowers seeking to purchase and/or repair a home that has been damaged, contact an FHA-approved lender about FHA's Section 203(k) loan program. This program allows individuals to finance the purchase or refinance of a house and the costs of repair or renovation through a single mortgage. HUD Secretary Scott Turner made the announcement while touring a disaster zone in Altadena with Los Angeles Supervisor Kathryn Barger, whose district includes the Altadena area. 'HUD's extension of the foreclosure moratorium is a lifeline for wildfire survivors in Los Angeles County who are facing immense hardship,' Barger said in a statement. 'I appreciate Secretary Turner's leadership and commitment to ensuring that families impacted by these devastating fires have the time and support they need to recover. This critical relief will help stabilize our communities as we work together to rebuild and heal.' Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
CBS News
06-03-2025
- Business
- CBS News
HUD secretary to announce foreclosure relief extension for families affected by Los Angeles County wildfires
Following the deadly wildfires across Los Angeles County that destroyed thousands of homes, the U.S. Department of Housing and Urban Development announced a 90-day extension of its foreclosure moratorium for affected families. HUD Secretary Scott Turner will be making the announcement Thursday while touring the Altadena fire zone with Fifth District of Los Angeles Supervisor Kathryn Barger. The 90-day extension will apply to Federal Housing Administration-insured single-family mortgages. Turner's office reports there are over 100,000 FHA-insured mortgages in Los Angeles County in the Presidentially Declared Major Disaster Area. "It is heartbreaking to witness the devastation caused by the horrific wildfires in Altadena and the surrounding areas of Los Angeles County and the heavy toll of this tragedy on individuals, families and communities," Turner said. "Empowering and supporting our neighbors so they can build or rebuild their future, including when disaster strikes, is a core part of HUD's mission and we will continue providing help during hardship." HUD will be working with different mortgage servicers to assess the extent of properties with FHA-insured mortgages in the affected areas that have been destroyed or damaged. The moratorium will prohibit mortgage servicers from initiating or completing a foreclosure on an FHA-insured single-family or Home Equity Conversion mortgages through July 7. The moratorium was originally set to expire on April 8.
