Relevant:
- HECM Taxes and Insurance Guidance Delayed, HUD Provides Some Details
- Elderly Turn to Reverse Mortgages Despite Pitfalls
- The FHA Non-Approved Broker Debate Part II: End of the HECM Advisor Program
- Reverse Mortgage Applications Fall 38%, New FHA HECM Volume Projections
- GAO Report Says HUD Oversight of Housing Counselors Lax
2010-08-30 — reversemortgagedaily.com
"For the last few years, the number of Home Equity Conversion Mortgages (HECM) in default from a failure to pay taxes and insurance has been hot topic for debate at events around the country. Estimates from industry experts typically put the number around 10,000, but a new report from the Department of Housing and Urban Development’s Office of Inspector General says there are nearly 13,000 such loans."
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Comments:
jryedinak at 09:34 2010-08-31 said:
FYI... this is linked to a random youtube vid, I think you meant it to link to http://reversemortgagedaily.com/2010/08/30/hud-fails-to-track-almost-13000-defaulted-hecm-loans-says-oig-report/ Permalinkadd a comment | go to forum thread
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