Lenders

New Federal Home Loan Bank Program Provides Liquidity For Reverse Mortgages 

The Federal Home Loan Bank of San Francisco announced its new Homeownership Preservation Advance (HPA) program which offers member financial institutions discounted credit to restructure loans for eligible low- and moderate-income homeowners.  The HPA program can also be used to enable elderly residents to preserve homeownership by obtaining a reverse mortgage. “The foreclosure crisis has […]