Date Set for Rollout of Reverse Mortgage Financial Assessment

After the previous delay in the implementation of the Financial Assessment component that will now be utilized for Reverse Mortgages (i.e. HECM’s – Home Equity Conversion Mortgages), an effective date of April 27th is currently when it is supposed to go into effect. Any Reverse Mortgage Transactions that have had an FHA (Federal Housing Administration) Case Number… Continue reading Date Set for Rollout of Reverse Mortgage Financial Assessment