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HECM

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NY Times: FHA Reverse Mortgages for Co-ops Still Unlikely, For Now 

Sep 01, 2014By

The likelihood of Federal Housing Administration-insured (FHA) reverse mortgages becoming available to homeowners age 62 and older living in co-ops is unlikely, at least in the near term, according to an article from The New York Times. Though FHA’s Home Equity Conversion Mortgages (HECMs) are eligible for properties like single-family homes, multi-families with up to […]