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[Updated] FHA Commissioner: Reverse Mortgage Program Should Be Removed from MMIF 

Sep 30, 2020By

The Home Equity Conversion Mortgage (HECM) program continues to lose money for the Federal Housing Administration (FHA), and likely needs to be removed from the Mutual Mortgage Insurance Fund (MMIF) in order to stop forward mortgage borrowers from subsidizing their reverse mortgage counterparts. This is according to newly-installed FHA Commissioner Dana Wade, speaking with a […]