The Department of Housing and Urban Development rolled out a series of changes to the FHA home-equity conversion mortgage program, many of which will have a significant impact on originators. The Housing and Economic Recovery Act of 2008 enacted this summer directed the agency to allow seniors to purchase a home with a reverse mortgage loan, along with a number of other changes HUD officials...
It will be the 11th issuance of its type by loanDepot.
News Tailored to Your Needs
Get Focused Coverage
Inside Mortgage Finance's newsletters break the mortgage market down so you get the news and data you need most, whether it's total industry coverage or just the news related to securitization, regulation, profits or other specific topics.