Mortgagee letter introduced for new nationwide reverse mortgage lending limit.
HUD released the 2 new mortgagee letters this week, part of the Housing and Economic Recovery Act of 2008. The first one 2008-34 establishes a nationwide lending limit for reverse mortgages at 7,000 where they had varied from 0,160 to 2,790 per county and the second one 2008-35 limited …
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Related posts:
- HUD finally raises HECM/Reverse Mortgage Limits to $417,000
- National Reverse Mortgage Counselor Network
- Refinancing Existing Home Equity Conversion Mortgages (HECM) and Revision
- Local Focus: San Diego, California
- New HUD Rule Allows Reverse Mortgages For Home Purchase
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