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Daily Dose

FHA Proposes Enhancements to HECM Program

FHA was praised last year for making changes to its HECM program that helped non-borrowing spouses avoid foreclosure. What further changes did the FHA propose to help seniors sustain their HECM loans?

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How Low Can Credit Default Rates Go?

The composite consumer credit default rate fell to a new post-recession low in April. How are consumers' attitudes changing toward their debt, particularly long-term debt such as mortgages?

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