A group of state representatives in Hawaii have introduced a new bill into the legislature, calling for the establishment of a state-specific Home Equity Conversion Mortgage (HECM) program to be managed by the Hawaii Housing Finance and Development Corp. (HFDC).
This is according to the text of the bill reviewed by HousingWire’s Reverse Mortgage Daily (RMD), and a notice sent to National Reverse Mortgage Lenders Association (NRMLA) members.
Initially introduced on Jan. 23 and sponsored by nine members — including Democratic Reps. details ⇒
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