Relevant:
- Reverse Mortgage Applications Rise to Highest Level Since September 2009
- Reverse Mortgage Applications Fall 38%, New FHA HECM Volume Projections
- HUD Mortgagee Letter Updates HECM Loan Application
- HUD Issues Guidance for Subordinate Lien Financing Under the HECM
- New Low Cost Reverse Mortgage Product Coming in October says HUD
2009-09-23 — reversemortgagedaily.com
"The U.S. Department of Housing and Urban Development posted Mortgagee Letter 09-43, which announced a new set of principal limit factors for the Federal Housing Administration (FHA) HECM program. The changes will lower the principal limits for the HECM by 10%."
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