On Friday, HUD amended its HECM policy again, this time to include reverse mortgages originated prior to August 4, 2014, giving borrowers expanded options to allow the non-borrowing spouse to remain in the home if the reverse mortgage was originated before that date.
Read More »Home / Tag Archives: Foreclosure on Non-Borrowing Spouses
Representative Waters Asks HUD For More Transparency For Non-Borrowing Spouses on HECMs
In an announcement regarding the letter to Castro, Waters said that many senior citizens have faced foreclosure or will face foreclosure due to "fraudulent lending practices" on the part of lenders surrounding HUD's previous protocol for the HECM program.
Read More »