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 solutions@new.allegiantreverse.com for more information or to open an order. To read the article click here.