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Major Changes to the Reverse Mortgage Program

Major Changes to the Reverse Mortgage Program

by mylenderjackie | Oct 26, 2017 | Lake Forest, Loan Programs

On October 2, 2017, major changes to the reverse mortgage program came down the pike. Here’s what you need to know. What is it? HECM, or Home Equity Conversion Mortgage, also known as a reverse mortgage, underwent some changes this year as the MBA (Mortgage...

 

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