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Deadline Nears for Reverse Purchase Loans Closed Under Former Rules 

Mar 20, 2014By

The deadline is coming up for lenders to close reverse mortgage for purchase transactions that were originated before changes to the federally-insured Home Equity Conversion Mortgage program were implemented. HECM for Purchase transactions with an initial Mortgage Insurance Premium designation of “HECM Standard” or “HECM Saver” must close on or before March 31, 2014, the Federal […]