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Reverse Mortgage

Latest Posts

FHA Responds to Comments on Non-Borrowing Spouse Guidance 

Apr 29, 2015By

The Federal Housing Administration (FHA) has responded to public comments on its alternative path to claim payment, the Mortgagee Optional Election Assignment, which could allow lenders the option to delay foreclosure of reverse mortgage non-borrowing spouses.  The new guidance, published in January in Mortgagee Letter 2015-03, has become the topic of conversation among consumer advocate […]