Relevant:
- HECM Taxes and Insurance Guidance Delayed, HUD Provides Some Details
- Elderly Turn to Reverse Mortgages Despite Pitfalls
- The FHA Non-Approved Broker Debate Part II: End of the HECM Advisor Program
- Reverse Mortgage Applications Fall 38%, New FHA HECM Volume Projections
- GAO Report Says HUD Oversight of Housing Counselors Lax
2010-08-30 — reversemortgagedaily.com
"For the last few years, the number of Home Equity Conversion Mortgages (HECM) in default from a failure to pay taxes and insurance has been hot topic for debate at events around the country. Estimates from industry experts typically put the number around 10,000, but a new report from the Department of Housing and Urban Development’s Office of Inspector General says there are nearly 13,000 such loans."
source article |
permalink |
discuss |
subscribe by:
|
RSS |
email 
Comments: Be the first to add a comment
add a comment | go to forum thread
Note: Comments may take a few minutes to show up on this page. If you go to the forum thread, however, you can see them immediately.