Feds Seek to Enhance HECMs for Senior Homeowners

The Federal Housing Administration (FHA) has is seeking industry feedback on a set of proposed policy updates to its Home Equity Conversion Mortgage (HECM) program designed to improve program stability and to respond to changing market conditions……….(inc.) Allowing outstanding homeowner’s association dues to be included in the calculation of a repayment plan for borrowers who are behind on their HECM financial obligations.        Read the article………………………………..

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