HW Media connects and informs decision makers across the housing economy. Professionals rely on HW Media for breaking news, reporting, and industry data and rankings. Moving the Housing Market Forward.

HECM

Latest Posts

FHA Official Statement: HECM Financial Assessment Is Allowed 

Oct 05, 2011By

In a letter published today by Federal Housing Administration Acting Commissioner Carol Galante, FHA stated that there are no restrictions on underwriting for tax and insurance for HECM loans and that FHA is working on changes to the HECM program that will make it more successful. “HUD does not prohibit the inclusion of additional financial […]