HUD
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Why is Income Qualifying Surprising?
Mar 03, 2011One of the basic selling points of the reverse mortgage products in comparison to forward mortgage products has always been, "there is no income or credit score qualifying." Ask most originators about a reverse mortgage and this will likely be one of their three basic statements about the loan. All of a sudden, HUD indicates that they are working on a new rule that will require lenders to verify a borrower's ability to pay taxes and insurance on their homes as a qualifying event in the processing of their reverse mortgage. Actually, the news that HUD is finally getting around
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HUD Secretary Comments on Housing Finance Report
Feb 14, 2011 -
Administration Releases GSE Reform Report
Feb 11, 2011 -
Financial Services Committee to Review LO Compensation
Feb 10, 2011 -
ABA Supports Well-Regulated Private Housing Market
Feb 09, 2011 -
HUD Updates Counseling Guidance
Feb 08, 2011 -
Potential homebuyers to pay more than the mortgage
Jan 24, 2011 -
Home prices go haywire coast to coast
Jan 06, 2011 -
Three years on, lessons not learned in mortgage servicing
Dec 17, 2010 -
The behind-the-scenes push to get rid of Edward DeMarco
Dec 15, 2010 -
America’s worth now measured in the value of housing
Dec 15, 2010
