Tag: HECM condos

FHA Mortgagee Letter 2019-17- Home Equity Conversion Mortgage (HECM) Program – Condominium Requirements – Dated September 27, 2019

Written by: Tracey Rumsey, Staff Writer Those of you that work with reverse mortgages need to read through this important update along with previously written information on this subject which is linked in supporting resources. Rule Synopsis: Effective October 15, 2019 FHA will insure HECM loans on condominium loans provided: the lender ensures the HECM […]

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