Reverse Mortgage Loan Limit to Rise Again in 2018 For the second year in a row, the loan lending limit for federally backed reverse mortgages is increasing. The Department of Housing and Urban Development on Thursday announced a maximum claim amount of $679,650 for calendar year 2018, up from $636,150 this past year. HUD arrives […]
What HUD’s New Rules Mean
What HUD’s New Rules Mean for the Reverse Mortgage Industry The Department of Housing and Urban Development on Tuesday shook the reverse mortgage world with new rules regarding mortgage insurance premiums and principal limits. While the industry continues to sort out the exact effects — many of which may not be known until after the […]
What Seniors Should Know
What Seniors Should Know About FHA Reverse Mortgages FOX News — Casey Dowd Forget downsizing or migrating to warmer weather, an overwhelming number (83 percent) of pre retirees and retirees today say they want to remain in their homes for as long as possible, according to a new survey from The American College of Financial […]
