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FHA EXPANDS OPPORTUNITIES FOR REVERSE MORTGAGE 'NON

on Jun 18, 2015 in FHA Information | Comments Off on FHA EXPANDS OPPORTUNITIES FOR REVERSE MORTGAGE 'NON

FHA EXPANDS OPPORTUNITIES FOR REVERSE MORTGAGE 'NON … The Federal Housing Administration (FHA) today issued a revised policy under its Home Equity Conversion Mortgage (HECM) Program giving FHA-approved lenders expanded options to allow eligible 'non-borrowing spouses' the potential to remain in their … If you would like more informaiton please visit here… HUD offers help to 'surviving spouses' who are facing the loss of their houses She needed to come up with $ 107,000 — the amount of principal, accrued interest and fees racked up by the reverse mortgage on the home she owned with her husband for the past 16 years — or face foreclosure. … But on June 12, HUD changed its policy … If you would like more informaiton please visit here… FHA Expands Reverse Mortgage 'Non-Borrowing Spouses to Remain in Their … (Source: HUD) WASHINGTON – The Federal Housing Administration (FHA) today issued a revised policy under itsHome Equity Conversion Mortgage (HECM) Program giving FHA-approved lenders expanded options to allow eligible 'non-borrowing … If you would like more informaiton please visit here… FHA EXPANDS OPPORTUNITIES FOR REVERSE MORTGAGE 'NON...

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