FHA Proposes Game-Changing Guidelines For HECM For Purchase Program
New measures could boost H4P adoption rate and offer borrowers potential savings with inclusion of premium pricing.
New measures could boost H4P adoption rate and offer borrowers potential savings with inclusion of premium pricing.
Announces plan after acquiring Cherry Creek Mortgage, a top 10 HECM lender.
The plan helps senior homeowners with FHA-insured HECMs who are behind on required property charge payments due to effects of the COVID-19 pandemic.
Extension applies to senior borrowers affected by COVID-19.
Lender tells partners it won't fund loans that haven't already closed.
RMI report shows HECM loans in September at lowest point in 2.5 years.
Decline comes after previous month’s 10-year high