Reverse mortgage loan limits have reached an all-time high. Every year, HUD reviews house price data from FHFA to determine the baseline conforming loan limit to reflect the changes to the national average home price. From three, they extrapolate the loan limits. HUD generally follows suit and this year was not an exception. The result …
Government Shutdown Impact on Reverse Mortgages
[Updated 12/26/18] What happens with your reverse mortgage in a Government shutdown? In the event of a Government shutdown, as is currently the case, the Federal Housing Administration's Office of Single Family Housing (FHA) and its mortgage insurance fund will operate with limited services. We will continue to close HECM reverse mortgages that fully comply …
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