Revere Mortgages
By:Mathew J. Scire
Published on 2010-02 by DIANE Publishing
Reverse mortgages -- a type of loan against home equity available to seniors ¿ are growing in popularity. A large majority of reverse mortgages are insured by HUD under its Home Equity Conversion Mortgage (HECM) program. The Housing and Economic Recovery Act of 2008 made several modifications to the HECM program, including changes in how origination fees are calculated and an increase in the loan limit. This report examines: (1) how these changes have affected lenders¿ plans to offer reverse mortgages; (2) how the changes will affect borrowers; and (3) actions HUD has taken to evaluate the financial performance of the HECM program. Includes recommendations. Charts and tables.
This Book was ranked at 5 by Google Books for keyword Mortgage.
Book ID of Revere Mortgages's Books is 9sqsOXSR45cC, Book which was written byMathew J. Scirehave ETAG "fWAHl4UcrAo"
Book which was published by DIANE Publishing since 2010-02 have ISBNs, ISBN 13 Code is 9781437920093 and ISBN 10 Code is 1437920098
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