Relevant:
- New Low Cost Reverse Mortgage Product Coming in October says HUD
- The FHA Non-Approved Broker Debate Part II: End of the HECM Advisor Program
- HECM Rules Allow Spouses Of Reverse Mortgage Borrowers To Remain In The Home
- Reverse Mortgage Applications Fall 38%, New FHA HECM Volume Projections
- As Complaints Increase, HUD to Address HECM Non-Borrowing Spouse Issue
2010-09-13 — reversemortgagedaily.com
"Those behind the development of the HECM Saver hope it will reach consumers with low or no mortgage balance, who traditionally turn to a HELOC for smaller financing needs. This has always been a consumer the industry has wanted to reach, but the upfront costs of the traditional HECM made it incredibly difficult."
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