Posts Tagged 'lending limits'

5 Key Reverse Mortgage Changes Moving into 2018

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Another year has come and gone… Where is the time going?  It sounded strange to say 2017 all year and now 2018 is upon us.  This year, the reverse mortgage industry experienced many changes. 2017 HUD Surprised Industry with Massive Changes  In September, HUD sent the entire industry into a tailspin by announcing changes that were to take effect...
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Higher Reverse Mortgage Lending Limits Coming in 2017

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Higher Reverse Mortgage Limits Coming in 2017 Starting in 2017, lending limits for government-backed reverse mortgages will increase, allowing borrowers the opportunity to access more of their home equity than ever before. The vast majority of reverse mortgages are federally-insured Home Equity Conversion Mortgages (HECMs) that are backed by the Federal Housing Administration. These loans allow homeowners age...
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