Is this a Silver Lining?

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Borrowers overwhelmingly choosing Standard Adjustable. Why?

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The Reverse Mortgage Program

HUD says the reverse mortgage program is generating positive cash flow. That’s good for the short term but does not erase the future liabilities to the mutual mortgage insurance fund for previous years books of HECM business which is expected to result in claims for property values under the final loan balance and tax and insurance defaults. In it’s recent quarterly report to congress, HUD reports that the reverse mortgage program is…

 

1 comment

CLIFF RIDDLE June 3, 2013 at 9:11 am

WISH THEY COULD ADD 2 AND 2,,,,,,,,,,I AM STILL WAITING FOR MY LICENSE IN THE STATE OF IDAHO,,,,THEY CAN’T SEEM TO PUT IT BACK JUST LIKE IT WAS IN 2012 IT IS ONLY BEEN 6 MONTHS AND THEY TELL ME TWO HAVE PATIENCE,,,,,,,WASHINGTON WAS DONE MONTHS AGO ,,,,, THANKS WASHINGTON CLIFF

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