Why reduce the HECM’s upfront FHA insurance premium?
HECM loans have only gained 2% of eligible borrowers. How would the reduction of the upfront FHA insurance spur growth and revenues?
closing costs
The Call for a Low-Cost HECM
A Call for the Return of the HECM Saver? In October 2010, the HECM Saver was introduced giving borrowers considerably lower upfront FHA insurance premiums in exchange for lower lending ratios or principal limits. Three short years later the Saver was eliminated from the Home Equity Conversion Mortgage Program. Ironically,
