Financial Assessment is working. FHA’s new policy of requiring financial assessment (“FA”) of the borrower’s ability to pay has cut tax and insurance default by two-thirds and serious … more Financial Assessment Works
Regulations
HUD Publishes HECM Final Rule, but Defers on Rate Cap and H4P Proposals
By Weiner Brodsky Kider On January 19, 2017, HUD published in the Federal Register the Final HECM Rule, FHA: Strengthening the Home Equity Conversion Mortgage Program. The Final … more HUD Publishes HECM Final Rule, but Defers on Rate Cap and H4P Proposals