FHA has updated their reverse mortgage or HECM requirements to protect the residential rights of a non-borrowing spouse. If you are interested in a quick update, please comment below.

Related Article Title: FHA Mortgagee Letter 2019-15 – Updates to Mortgagee Optional Election (MOE) Assignment for Home Equity Conversion Mortgages (HECMs) with FHA case numbers assigned prior to August 4, 2014 – Dated September 23, 2019 Written by: Tracey Rumsey, Staff Writer Although this update is more investor or servicer oriented, there are a couple […]

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