Monthly Archives: September 2009

FHA Implements New HECM Counseling Standards and Protocol

The FHA released a final rule today making the new HECM counseling standards official. The rule goes into effect on October 2, 2009. Continue reading

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HECM Principal Limit Reduction – October 1’st 2009

The U.S. Department of Housing and Urban Development announced a new set of principal limit factors for the Federal Housing Administration (FHA) HECM program. The changes will lower the principal limits for the HECM by 10%. Continue reading

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Reverse Mortgages: CMT vs HECM

Recently the Reverse Mortgage market has added a new index to the available options. You now have a choice of the index for your loan. Continue reading

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Reverse Mortgage Home Purchase Loans Creates New Retirement Options for Seniors who Plan on Buying New Homes

The Home Ownership and Economic Recovery Act of 2008 made many considerable improvements to the Government regulated and insured Home Equity Conversion Mortgage or HECM reverse mortgage. Continue reading

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