Wednesday, 18 May 2016

FHA Proposes New Consumer Protections on Reverse Mortgages

The Department of Housing and Urban Development issued a proposal Wednesday to codify recent changes to its reverse mortgage program and to provide additional protections for seniors, including a cap on annual interest rate increases.

source http://www.americanbanker.com/news/consumer-finance/fha-proposes-new-consumer-protections-on-reverse-mortgages-1081073-1.html

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