Change is in the air. Mortgagee Letter ML 2014-21Ā spelled out a few new changes to the HECM reverse mortgage program. TheĀ one change garnering all of the attentionĀ has been financial assessment, which starts 3/2/15, however theĀ change to the reverse mortgage seasoning requirement deserves some attention as well and it begins much sooner; 12/15/14. Effective for case …
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