FHA Working on HECM Rule to Mandate Financial Assessments

The Federal Housing Administration is working on a proposed rule that would require reverse mortgage lenders to conduct financial assessments of seniors taking out Home Equity Conversion Mortgages.

Article source: http://www.nationalmortgagenews.com/dailybriefing/FHA-HECM-Rule-Mandate-Financial-Assessments-1036769-1.html

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