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Friday Round-Up: HUD Rescinds Non-Borrowing Spouse Rule 

May 10, 2015By

In case you missed it, here’s what happened in reverse mortgage news this week. HUD Rescinds Recent Rule on Reverse Mortgage Non-Borrowing Spouses — The Department of Housing and Urban Development (HUD) issued Mortgagee Letter 2015-12, effectively revoking the guidelines laid out in ML 2015-03 detailing the Mortgagee Optional Election (MOE) Assignment of Home Equity Conversion Mortgages (HECMs) […]