Latest Updates Around The World
Because most of the reverse mortgages fall under the HECM program of the FHA, the approval of the FHA loan will stop as soon as the financing expires. US Department of Housing and Urban Development‘S (HUD) disaster plan For a course of credits, updated on September 29, HECM protocol outlined: “The office of single -family […]
Last month Jon McCue of RMI said it was difficult to identify trends in HECM notes because the Federal Housing Administration (FHA) had not released his production report since February. But the FHA recently updated the report with data until May. “In essence, notes generally follow 60 to 90 days after the applications. With that, […]
