2010-08-30reversemortgagedaily.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."



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/ Permalink

Robin at 10:29 2010-08-31 said:
Thanks for catching that! The link has been fixed. Permalink

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