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Home » Store » News » HUD Rule Could Provide Flexibility on HECMs

HUD Rule Could Provide Flexibility on HECMs

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Originators of federally-insured reverse mortgages who feel burdened by state law restrictions on their product could get some targeted relief from a rule proposed last week by the Department of Housing and Urban Development. The proposed rule, published in the August 5 Federal Register, would make it easier for originators of the so-called Home Equity Conversion Mortgages to navigate a thicket of conflicting state restrictions on reverse mortgage products, which provide homeowners with payments…
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