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RMG NEWS : FHA Developing Mathematical Method to Determine Reverse Mortgage Eligibility

In the coming months the Federal Housing Administration will issue preliminary regulations that will be the first step in developing a method to mathematically determine a borrower’s eligibility for a reverse mortgage, according to Meg Burns, director of Single Family … Continue reading

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FHA Implements New HECM Counseling Standards and Protocol

The FHA released a final rule today making the new HECM counseling standards official. The rule goes into effect on October 2, 2009. Continue reading

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