HUD’s Recent Changes to HECM Reverse Mortgages are Positive
Last fall, HUD announced changes to the Home Equity Conversion Mortgage (HECM) program that took effect as of October, 2017. HECMs are only available to homeowners over age 62 and are commonly referred to as “reverse mortgages.” The media widely reported on the changes to the program, pointing out why HUD decided to make the changes […]