HUD Proposes Changes to HECM Program; FHA Single-Unit Approvals for Condos

October 30, 2019

Last month, HUD announced several proposed changes to its HECM program, including localized loan limits, eliminating HECM to HECM refinances, and more. It’s important for reverse originators to be aware of and understand the proposed changes, and how they will affect their business.

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