Relevant:
- HUD Fails to Track Almost 13,000 Defaulted HECM Loans says OIG Report
- HUD Issues Guidance for Subordinate Lien Financing Under the HECM
- HUD Provides Guidance For Reverse Mortgage Refinances
- The FHA Non-Approved Broker Debate Part II: End of the HECM Advisor Program
- New Low Cost Reverse Mortgage Product Coming in October says HUD
2010-12-20 — reversemortgagedaily.com
"New policy guidance from the Department of Housing and Urban Development on managing a reported 13,000 HECM loans in default from failure to pay taxes and insurance has been pushed back until the first week of January according to several people briefed on the decision."
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