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Housing Commission: Reverse Mortgages and Alternatives Must Remain

on Feb 26, 2013 in FHA Information | Comments Off on Housing Commission: Reverse Mortgages and Alternatives Must Remain

Housing Commission: Reverse Mortgages and Alternatives Must Remain … Despite the hold placed on the fixed rate standard reverse mortgage product under FHA's insurance program, visit web other products remain available and additional products will be needed, the report states. The report was received by housing stakeholders and … If you would like more informaiton please visit here… FHA Official: More Reverse Mortgage Change Coming by August Despite the suspension of the Standard fixed-rate product coming in April, the Federal Housing Administration (FHA) expects to make additional changes to its reverse mortgage program by August of this year. These changes will arrive regardless of … More informaiton please visit here… FHA to Halt Fixed Rate Standard Reverse Mortgage Starting April 1 “To help sustain the program as a viable financial resource for aging homeowners, the HECM Fixed Rate Saver will be the only pricing option available to borrowers who seek a fixed interest rate mortgage,” FHA stated. “Using the HECM Fixed Rate Saver … For more informaiton please visit here… Housing Commission: Reverse Mortgages and Alternatives Must Remain...

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