Relevant:
- The WhistleBlower: FHA Terminates Non-FHA Approved Brokers for HECM Program
- As Complaints Increase, HUD to Address HECM Non-Borrowing Spouse Issue
- HUD Lowers Principal Limit Factors for FHA Reverse Mortgage Program
- Reverse Mortgage Applications Fall 38%, New FHA HECM Volume Projections
- New Low Cost Reverse Mortgage Product Coming in October says HUD
2008-08-11 — ml-implode.com
"The proverbial fly in the HECM advisor ointment is the FHA Modernization Act, specifically, Section 2122 of H.R. 3221 which amends Section 255 of the National Housing Act to require that all parties involved in the origination of a reverse mortgage (HECM) be approved by the Secretary of the Department of Housing and Urban Development."
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