Despite challenges there is reason for measured optimism HECM originators in the state of Connecticut have their own October surprise. The state’s governor signed into law Senate Bill 150 which goes into effect October 1st, 2018. It requires that prospective borrowers receive HECM counseling and provide a certificate of completion
Is it new HUD counseling protocols or low appraisals causing record fall-out rates? See what industry leaders have to say.