Sunday, 24 October 2021 | The Latest Buzz for the Appraisal Industry

HUD: Reverse mortgage second appraisal rule affecting about 20% of HECMs

By jguerin@housingwire.com

The latest mandate requiring a second appraisal on select reverse mortgage loans has affected about 20% of HECM appraisals so far, according to representatives at the Department of Housing and Urban Development. Speaking on a panel at NRMLA’s conference on Monday, HUD staff members presented data on the impact of the new appraisal rule and other recent changes made to the reverse mortgage program.

Via:: HUD: Reverse mortgage second appraisal rule affecting about 20% of HECMs

      

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