Changes to Reverse Mortgages (HECM’s)

In a prior blog post, I discussed what a Reverse Mortgage is. I also went into detail about some of the basic rules to qualify for one, where you get them, and cautioned about the negative aspects of them. The U.S. Department of Housing and Urban Development recently changed some of the guidelines to implement policies issued under the Reverse Mortgage Stabilization Act (RMSA), ...Read the full article