HUD Policy Revisions Address Emerging HECM Risks
By EsqSocial Corporation 27/06/14
On June 18, HUD issued Mortgagee Letter 2014-11, which amends the HECM reverse mortgage program to limit the insurability of fixed interest rate reverse mortgages. The letter explains that HUD has identified new emerging risks in connection with...
By: BuckleySandler LLP