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HECM

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FHA Plans Extension for Reverse Mortgage Servicing Set-Aside Growth Rate 

Sep 28, 2016By

The Federal Housing Administration (FHA) announced this week that it plans to issue guidance that will extend the October 3, 2016, effective date for revisions to the previously announced Servicing Fee Set-Aside growth rate for the Home Equity Conversion Mortgage (HECM) program. Through the publication of Mortgagee Letter 2016-10 on July 13, 2016, FHA established the […]