Saturday , 23 January 2021

New FHA Policy Provides Foreclosure Alternative on Reverse Mortgages for Surviving Non-Borrowing Spouse

By Brian Honea

A new policy issued by the Federal Housing Administration (FHA) on Thursday under its Home Equity Conversion Mortgage (HECM) Program will allow reverse mortgage lenders to delay calling HECMs from a surviving non-borrowing spouse following the death of the last surviving borrower.

The post New FHA Policy Provides Foreclosure Alternative on Reverse Mortgages for Surviving Non-Borrowing Spouse appeared first on DSNews.

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