As the Trump administration continues to impose cuts to staff and offices across the federal government, the Federal Housing Administration (FHA)’s Home Equity Conversion Mortgage (HECM) program — which handles the vast majority of reverse mortgage business in the U.S. — could be impacted.

According to Bloomberg, the U.S. Department of Housing and Urban Development (HUD) is planning to eliminate dozens of field offices across the country. HUD currently maintains 65 field offices, but the proposed cuts would leave only six field offices in operation, details ⇒

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