December 8th, 2009
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 Program Development for the FHA.
The administration recently implemented a new set of standards for Home [...]