Reverse Mortgage Program Changes

The reverse mortgage industry has gone through many changes over the last 2 years as directed by The Department of Housing and Urban Development (HUD).  The most recent change has been the implementation of the financial assessment, which has been aimed to strengthen the HECM (Home Equity Conversion Mortgage) program for the future.  HUD will now begin to evaluate the effects of all those changes to see whether those changes are working.  Reverse Mortgage Daily published a recent article which includes comments from HUD on the progress that has been made thus far.  Read the article here.

Reverse Mortgages 2014 In Review

The year 2014 saw many changes for the reverse mortgage industry, which for some is nothing new.  Over the past several years, the industry has gone through its fair share of changes.  Reverse Mortgage Daily compiled its 10 most read articles of 2014 ranging from the exit of Generation Mortgage to the new Non-Borrowing Spouse regulation.  Bring yourself up to speed and click here to read all the stories that impacted reverse mortgages during the year.