Reverse Mortgage News

• The Federal Housing Administration on Friday announced a new appraisal requirement for Home Equity Conversion Mortgage lenders in another attempt to stem losses to the Mutual Mortgage Insurance Fund. Read the Mortgagee Letter here: Mortgagee Letter

• Earlier this week Finance of America Reverse announced their new HomeSafe Second-Lien Reverse Mortgage. Allegiant Reverse Services is listed on the FAR Job Aid that went out to their customers as one of three preferred vendors for this product. Please email [email protected] for more information or to open an order. To read the article click here.