Relevant:
- HUD Lowers Principal Limit Factors for FHA Reverse Mortgage Program
- HUD Issues Guidance for Subordinate Lien Financing Under the HECM
- HUD Provides Guidance For Reverse Mortgage Refinances
- HUD Implements HECM Counseling Roster and Testing Standards
- New Low Cost Reverse Mortgage Product Coming in October says HUD
2010-03-05 — reversemortgagedaily.com
"The US Department of Housing and Urban Development issued Mortgagee Letter 2010-07 to update loan documents for the Federal Housing Administration’s reverse mortgage product. In addition, FHA will no longer permit the use Freddie Mac Form 65/Fannie Mae Form 1003, Uniform Residential Loan Application, for HECM loan transactions."
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