Financial Assessment

Financial Assessment for Reverse Mortgages Looks Better and Better. Financial Assessment is still working, only more so. The Federal Housing Administration’s new policy of requiring financial assessment of the borrower’s ability to pay has cut tax and insurance defaults by nearly three-quarters and serious defaults by almost two-thirds. These results are even better than the […]

HECM Limit Cap

Trump’s Proposed Budget Would Lift Reverse Mortgage Cap. by Alex Spanko The Trump administration’s proposed 2018 budget for the Department of Housing and Urban Development would eliminate the cap on the number of reverse mortgage loans. “This change supports the significant improvements that have been made to the program to reduce risk to the MMI […]

Global Reverse Mortgage

Global Reverse Mortgage. Reverse Mortgage Alabama. Birmingham. Interesting article I found; most people do not know that Reverse Mortgages are done in other countries as well as the U.S. such as Canada, Hong Kong, United Kingdom, Australia, South Korea, China, and this article is from India’s largest citizen journalism based news platform. Most countries are […]