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Home » Store » News » HUD Issues Final Rule on HECMs

HUD Issues Final Rule on HECMs

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The Department of Housing and Urban Development is finalizing revised methods for calculating FHA claim amounts for its Home Equity Conversion Mortgage program. The first change will extend the date for calculating the maximum HECM claim amount from the date of the underwriter’s receipt of the appraisal report to the date of the closing...
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