Posted by Bear900/CA on 9/4/13 11:13am
Msg #483149
Promised Reverse Mortgage program updates
The HUD Mortgagee Letters for HECM loan changes were released yesterday and are still being digested by the industry for the general public.
If you would like to get a jump on it, click on the top two titles. I will post a reader's digest version when available.
http://portal.hud.gov/hudportal/HUD?src=/program_offices/administration/hudclips/letters/mortgagee
Some help with terminology: motgagee = lender; mortgagor = borrower.
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