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Feds announce changes to reverse mortgage program

Nov. 3—WASHINGTON, D.C. — The Federal Housing Administration released new proposed policy updates to its Home Equity Conversion Program, according to a statement issued Wednesday by the Department of ... read more

HUD announces changes to reverse mortgage program to lower taxpayer risk

The Department of Housing and Urban Development is finally changing the requirements around its reverse mortgage program, announcing plans on Tuesday to raise premiums and place tighter loan limits. read more

Reverse Mortgage Industry Digests FHA’s Latest HECM Changes

The Federal Housing Administration this week proposed a number of substantial changes to the Home Equity Conversion Mortgage program. As the industry digests this latest series of rule updates, ... read more

Federal housing leaders speak to the need for more reverse mortgage understanding

Gordon recently opined that more HUD-approved housing counselors should be trained to work with HECM borrowers, particularly because of the changing rate environment. She shared these perspectives ... read more

HUD Publishes New Guidelines Associated With HECM and Reverse Mortgage Risk

The U.S. Department of Housing and Urban Development (HUD) is publishing new guidance to manage risk associated with the Federal Housing Administration’s (FHA) reverse mortgage or Home Equity ... read more

HECM Saver: Enough To Save the Reverse Mortgage Industry From Imploding?

While the HECM reverse mortgage industry is banking on the HECM saver, a reverse mortgage program with lower costs and less benefits, some wonder whether this is a case of "too little too late". Let ... read more

Can a reverse mortgage help your situation? Understand the risks, benefits

For those who’ve saved — but not quite enough — for retirement, there’s a potential solution right underfoot. According to the Federal Reserve, household equity in real estate for Americans is about ... read more

Federal clampdown looming on reverse mortgages

CHICAGO (Reuters) - The federal government is proposing to make big changes to its reverse mortgage program early next year that should make the loans safer for seniors who use them to tap home equity ... read more