Relevant:
- Reverse Mortgage Program Needed Now More Than Ever Says FHA Commissioner
- Elderly Homeless Used in Reverse Mortgage Scam
- HUD Revises the Rules Related to Reverse Mortgages
- The FHA Non-Approved Broker Debate Part II: End of the HECM Advisor Program
- AARP Blames HUD for Reverse Mortgage Foreclosure Problem
2010-05-18 — reversemortgagedaily.com
"A request for $250 million to support the Home Equity Conversion Mortgage (HECM) program will not likely be approved for the federal government’s fiscal 2011 budget, according to Vicki Bott, HUD’s deputy assistant secretary for single family housing."
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