Mortgagee Letter 2024-22 was released on November 26th announcing the new HECM limit which will be in effect for 2025.
Continue readingFHA Announces the 2025 HECM Limit
2024 HECM Limit Increased: Here’s why
FHA has announced that the HECM limit will be increased effective January 1st, 2024. The new HECM limit or the maximum home value that may be considered in the federally-insured reverse mortgage is…
Continue readingCould Reverse Mortgages Be the “Value” Play for Millions of Older Americans?
“When we consider the liquidity options and flexibility they [reverse mortgages] can bring to a long-term retirement plan, they are truly a value play that should be considered.”
Continue readingReconsideration of Value strengthened with proposal
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EPISODE #756
Does a $1 million HECM limit cut into private reverse mortgages?
Reverse Mortgage Daily’s Chris Clow interviewed Understanding Reverse’s Dan Hultquist to learn more.
according to a recent report from Lending Tree
Other Stories:
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[Reverse Mortgage Daily] Draft FHA appraisal policy would give HECM applicants more choices when seeking the reconsideration of their home’s appraised value.
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[Forbes] The S&P 500 Lost More Than 18% In 2022: Should Retirees Be Worried?
