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New Proprietary Loan Available September 2
A new fixed-rate loan is going to be made available to borrowers with high-valued homes beginning September 2, 2014. With this new program, more borrowers will be able to access the equity in their homes…
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Non-Borrowing Spouses Now Protected in Reverse Mortgages
On April 25, 2014, the Department of Housing and Urban Development (HUD) issued a mortgagee letter announcing new changes for reverse mortgages that will protect non-borrowing spouses for new case numbers issued after August 4,…
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Florida Announces New Program for Seniors with Reverse Mortgages
In November 2013, Florida announced a new program that is aimed to assist reverse mortgage borrowers who may be having a difficult time keeping up with their taxes and insurance as part of their requirements…
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