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Tag Archives: Reverse Mortgages

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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HUD Extends Deadline for HECMs in Default

HUD has announced that it is extending the deadline for reverse mortgage lenders to submit payable requests for home equity conversion mortgages (HECMs) that defaulted on or after April 23, 2015, due to unpaid property charges.

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